---
title: "DraftKings kills NFT business, citing 'legal developments’"
url: https://diffcoin.com/draftkings-kills-nft-business-citing-legal-developments/
description: "It comes four weeks after a federal judge found DraftKings NFTs fell “within the meaning” of the Securities Act and Exchange Act and thus could be…"
published: 2024-07-31
updated: 2024-07-31
author: "Mila"
site: "Diffcoin"
---

# DraftKings kills NFT business, citing 'legal developments’

It comes four weeks after a federal judge found DraftKings NFTs fell “within the meaning” of the Securities Act and Exchange Act and thus could be securities.

[Source link](https://cointelegraph.com/news/draftkings-shuts-down-nft-business-due-to-legal-concerns?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)