DraftKings Reaches Settlement With NFL Players Association Over NFT Dispute

According to PANews, U.S. sports betting platform DraftKings has reached a settlement with the National Football League Players Association (NFLPA) over allegations of unpaid fees for using NFL players' likenesses in NFTs. In a joint letter to New York federal judge Analisa Torres on January 27, both parties stated they have mediated the lawsuit and reached a settlement in principle, pending a final agreement. They have requested a 60-day suspension of the lawsuit, aiming to finalize the settlement by March 28. Specific details of the settlement have not been disclosed. Judge Torres, who previously handled the SEC's lawsuit against Ripple, will need to sign the final settlement agreement.