"DraftKings, the NFLPA asserts in the lawsuit filed a couple of weeks ago in New York federal court, collects billions of dollars in revenue based on a simple premise: if a DraftKings customer places a losing bet, that customer must still pay up."
"After cutting a lavish deal to license NFL players' names, images and likenesses for non-fungible tokens in 2021, DraftKings recognized that the market for NFTs had evaporated."
"Regardless of how this case turns out, it opens a window on the sheer skeeviness of both the online sports betting world and the ludicrous marketing of NFTs."
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