In this recent ruling, a court agreed that DraftKings’ NFTs involved an investment of money, pooled assets into a common enterprise with shared risks and profits, and created a reasonable expectation of profit from DraftKings’ efforts, thus plausibly classifying them as securities under the Howey test.
![U.S. Judge Sets Stage for NFT Securities Trial as DraftKings Lawsuit Moves Forward U.S. Judge Sets Stage for NFT Securities Trial as DraftKings Lawsuit Moves Forward](https://www.coindesk.com/resizer/W_8KINutTNExXF4B49ezFk01ZWQ=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/CNNNGBLTSJAHVK2V7FE6PQXXGM.jpg)