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DraftKings settles NFL union suit over NFT pay dispute

DraftKings settles NFL union suit over NFT pay dispute

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Source: Coin Telegraph

The National Football League Players Association’s lawsuit came a few weeks after DraftKings closed its NFT marketplace in July.

US sports betting site DraftKings has reached a settlement with the National Football League Players Association, which accused the platform of failing to pay for using NFL player likenesses featured in non-fungible tokens.

DraftKings and the NFLPA said in a Jan. 27 joint letter to New York federal Judge Analisa Torres that they had mediated the suit and reached a settlement in principle pending “a definitive settlement agreement.”

The pair requested a 60-day stay of suit — giving them until March 28 to finalize the settlement. The exact details of the settlement were not disclosed.

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Author: Brayden Lindrea