Shutting Down Crypto Casinos Like Playing Whack-A-Mole
Alabama and Texas regulators shut down a Cyprus-based company that’s been hawking NFTs. It was doing so to operate crypto casinos.
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Alabama and Texas regulators shut down a Cyprus-based company that’s been hawking NFTs. It was doing so to operate crypto casinos.
The Situation: State securities regulators in Texas and Alabama filed two first-of-their kind enforcement actions against a company selling non-fungible tokens ("NFTs") to operate casinos in a metaverse.
In two first-of-their-kind enforcement actions relating to NFTs, securities regulators in Texas and Alabama ordered a Cyprus-based online casino developer and its founders to cease and...
Unregistered securities One of Sand Vegas Casino Club's metaverse casinos.