$10M DraftKings Class Action Settlement

Photo Credit: Flickr - World Poker Tour | Published: March 26, 2025

Claim Form Deadline: July 21, 2025

Payout: $10M Total

Proof required: Yes

If you use DraftKings and you purchased, acquired, sold, disposed of, owned, held, used, or otherwise transacted in non-fungible tokens (NFTs) in a DraftKings Inc. account, including DraftKings Marketplace NFTs you may be eligible for significant compensation.

The DraftKings class action is for claimants who made a purchase between August 11, 2021, and the date of entry of the Judgment, or final approval. DraftKings has settled the NFT class action over allegations that it violated federal and state securities laws by not registering NFTs as securities and technically operating an unregistered securities exchange. The deadline to file a claim is July 21, 2025.

The entry of judgment is the class action court's formal final decision, making the settlement enforceable. This typically happens after the court has granted final approval of the settlement. The scheduled date for the hearing of the DraftKings class action settlement is July 30, 2025.

What is the Total Settlement Amount?

The total settlement amount is $10,000,000 in cash.

How Much Can I Get Paid by DraftKings?

The exact amount each Settlement Class Member may receive is not determined yet. Class action claim payments will be based on a pro rata (or equal) share of the Net Settlement Fund, calculated according to these calculations:

The amount you spent on NFTs purchased directly from DraftKings,
Deduct any amounts received from selling NFTs on the secondary market.

Is Proof Required to File a DraftKings NFT Claim?

Yes, you must submit a Claim Form with adequate supporting documentation to be eligible for a payment. Supporting documentation may include some of your personal information that confirms you are part of the DraftKings class action lawsuit.

Why Was DraftKings Sued in the Class Action Lawsuit?

The lawsuit was filed alleging that DraftKings NFTs constitute securities that were not registered as required by federal and state law, and that DraftKings operated an unregistered securities exchange and acted as an unregistered securities broker.

What are the 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?

Find all the latest class actions you can qualify for by getting notified of new lawsuits as soon as they are open to claims:

What is the Claim Form Deadline?

The Claim Form must be submitted online, via email, or postmarked no later than July 21, 2025.

How Do I File a Claim?

To file a claim, complete and submit the Claim Form with supporting documentation online or by mail by the final deadline.

When is the DraftKings Class Action Settlement Payment Date?

Payments will be made after the Court approves the Settlement and any objections and appeals are resolved. The exact date is not specified.

Claim Form Website: DraftKings Settlement

Submit Claim

Filing Class Action Settlement Claims

Please note that your claim form will be rejected if you submit a settlement claim for payout with any fraudulent information. By providing this information and your sworn statement of its veracity, you agree to do so under the penalty of perjury. You would also be harming others that actually qualify for the class action settlement. If you are not sure whether or not you qualify for this class action settlement, visit the class action administrator's website below. OpenClassActions.com is only providing information and is not a class action administrator or a law firm. OpenClassActions is a participant in the Amazon affiliate advertising program and this post may contain affiliate links, which means we may earn a commission or fees if you make a purchase via those links.

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