DraftKings settles class-action lawsuit over NFT marketplace for $10M

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Mar 03 2025

CSPR+3.07%

DEFI+4.64%

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DraftKings Settlement: DraftKings has agreed to pay $10 million to settle a class-action lawsuit regarding its NFTs, which were claimed to be unregistered securities. The settlement will compensate affected investors and aims to avoid lengthy litigation.
Legal Developments: The lawsuit, initiated in March 2023, alleged that DraftKings' NFTs lost value after the company shut down its marketplace. This is the second NFT-related lawsuit settled by DraftKings this year, following a previous settlement with the NFL Players Association.

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Technical Analysis for CSPR

Technical Sentiment Analysis for Casper (CSPR). As of , Casper (CSPR) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 1 indicators are flashing buy, while 2 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for CSPR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, CSPR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Casper (CSPR) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00181	0.00234	0.00268	0.00321	0.00355	0.00407	0.00441
Fibonacci	0.00234	0.00267	0.00287	0.00321	0.00354	0.00374	0.00407

About CSPR

Launched on mainnet on March 30, 2021, Casper is the first live proof-of-stake (PoS) blockchain built off the Casper CBC specification. The Casper platform is designed to boost the adoption of blockchain technology, smart contracts, and DApps on a global scale.With its future-proof architecture, Casper is designed to ensure the platform is continually developed according to the evolving needs of its users, and that it’s maximally accessible to developers of all backgrounds. As per the official whitepaper, Casper is optimized to suit both enterprise and developer needs. Casper’s mission is to usher in a new era for Web3, as demand for intuitive, interconnected services continues to grow across the board. Casper does so by solving the adoption trilemma: offering enterprise-grade security, scalability and decentralization all within the same blockchain protocol.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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