The DraftKings – NFTs Class Action Settlement alleges that DraftKings unlawfully sold non-fungible tokens (NFTs) as unregistered securities and operated its DK Marketplace as an unregistered securities exchange, violating the Securities Exchange Act of 1934.
Who Qualifies for a Payout in This Settlement?
Individuals or entities who, between August 11, 2021, and the date of the final judgment, purchased, acquired, sold, disposed of, owned, held, used, or otherwise transacted in NFTs within a DraftKings account, including Marketplace NFTs, are eligible to participate in the settlement.
Is It Necessary to Provide Proof (or Proof of Purchase)?
Yes, to receive a payout, claimants must submit a valid claim form along with adequate supporting documentation as specified on the settlement website.
What Amount Can I Receive from This Settlement?
DraftKings has agreed to a $10 million settlement fund. Individual payouts will be calculated based on each claimant’s recognized loss, which considers factors such as amounts paid for NFT purchases and amounts received from NFT sales or related offers. The exact amount each claimant will receive depends on the total number of valid claims submitted and the recognized losses of all claimants.
How Can I Submit My Claim?
To submit a claim, complete the claim form available on the official settlement website.
Ensure you provide all required information and supporting documentation as outlined in the claim form instructions.
Important Dates
- July 9, 2025: Deadline to exclude yourself from the settlement or to object to its terms.
- July 21, 2025: Deadline to submit a claim form.
- July 30, 2025, at 3:00 PM: Final approval hearing for the settlement.
For more detailed information and to access the claim form, please visit the official settlement website.
