Virtual Casinos Forced to Stop Selling NFTs

Two online casino developers in Texas and Alabama have been ordered to halt all sales of NFTs (Non-Fungible Tokens). Securities regulators alleged that the companies were "illegally offering unregistered securities and defrauding the public". These casinos had offered purchasers of their NFTs that they would be sharing in the virtual casino's profits; US Securities regulators have deemed it a high-tech fraudulent securities offering.

 

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Posted by danielslawfirm

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