Reported August 26: NFL Players Association Sues DraftKings In New York Federal Court, Accusing The Company Of Breaching Licensing Agreement Over NFL Player NFTs After Shuttering Its NFT Business; DraftKings Declines To Comment On The Lawsuit
Portfolio Pulse from Benzinga Newsdesk
The NFL Players Association has filed a lawsuit against DraftKings in a New York federal court, accusing the company of breaching a licensing agreement related to NFL player NFTs after closing its NFT business. DraftKings has not commented on the lawsuit.
August 27, 2024 | 2:22 pm
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DraftKings is being sued by the NFL Players Association for allegedly breaching a licensing agreement concerning NFL player NFTs. This legal action follows DraftKings' decision to shut down its NFT business.
The lawsuit could lead to financial liabilities or settlements for DraftKings, potentially affecting its stock price negatively. The closure of its NFT business and the legal implications of the breach of contract are significant concerns for investors.
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