Claim Form Deadline: July 21, 2025
Payout: $10M Total
Proof Required: Yes
If you have used DraftKings and purchased, acquired, sold, disposed of, owned, held, or transacted in non-fungible tokens (NFTs) through your DraftKings account, including DraftKings Marketplace NFTs, you may be eligible for substantial compensation.
The class action pertains to individuals who made a purchase between August 11, 2021, and the date the judgment is entered (final approval). DraftKings has agreed to settle the lawsuit over claims that it violated federal and state securities laws by failing to register NFTs as securities and operating an unregistered securities exchange. The claim deadline is July 21, 2025.
The formal entry of judgment is the court’s final decision, making the settlement enforceable. The hearing for the DraftKings settlement is scheduled for July 30, 2025.
What is the Total Settlement Amount?
The total settlement is $10,000,000 in cash.
How Much Can I Get Paid?
The exact payment for each eligible class member will be determined based on a pro-rata (equal) share of the Net Settlement Fund. This amount will be calculated as follows:
- The amount spent on NFTs purchased directly from DraftKings.
- Any amounts received from selling NFTs on the secondary market will be deducted.
Is Proof Required to File a DraftKings NFT Claim?
Yes, you must submit a Claim Form along with sufficient supporting documentation to be eligible for compensation. This may include personal information that verifies your participation in the class action lawsuit.
Why Was DraftKings Sued?
The lawsuit alleges that DraftKings’ NFTs qualify as securities that were not registered as required by federal and state law. Additionally, it claims DraftKings operated an unregistered securities exchange and acted as an unregistered securities broker.
Important Dates:
- Exclusion Request Deadline: July 9, 2025
- Objection Deadline: July 9, 2025
- Settlement Hearing: July 30, 2025
- Claim Form Deadline: July 21, 2025
How Do I Find Class Action Settlements?
Stay informed about the latest class actions you may qualify for by receiving email notifications about new lawsuits open for claims.
Claim Form Deadline:
The Claim Form must be submitted online, via email, or postmarked by July 21, 2025.
How Do I File a Claim?
To file a claim, complete the Claim Form with supporting documentation online or by mail before the final deadline.
When Will Payments Be Made?
Payments will be distributed after the court approves the settlement and resolves any objections or appeals. The exact payment date is not yet specified.
Claim Form Website: DraftKings Settlement
