Four U.S. states order a metaverse casino to halt sale of NFTs

A metaverse casino was hit Thursday with a multistate emergency cease-and-desist order.

A metaverse casino was hit on Thursday with a multistate emergency cease-and-desist order.

States law enforcement officials allege Slotie's owners were soliciting investors online to participate in an illegal gambling operation in the metaverse, a digital world where participants can interact with each other, purchase products and gamble. State securities boards in Texas, Kentucky, New Jersey and Alabama accused Slotie of defrauding investors and ordered it to immediately halt the sale of its non-fungible tokens, or NFTs, to retail investors.

Although the metaverse project was selling securitized NFTs, the order said it failed to provide purchasers with essential information such as the business address of the company or its founders, with a telephone number or an email address.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Anthony Hopkins sells out NFTs in minutes: Nifty Newsletter, Oct 12–18The Ukrainian art museum preserves art via NFTs, and Anthony Hopkins sells out NFTs. All that and more in this week’s NFT newsletter.
Read more »

Indian Commerce Giant Flipkart Will Allow Customers to Purchase Items in the Metaverse – Metaverse Bitcoin NewsFlipkart, the Walmart-backed Indian e-commerce giant, launched a pilot to allow its customers to make purchases in a metaverse environment.
Read more »

Revealing the Possibilities for Educational Institutions in the Metaverse | HackerNoonWith Blockchain Technology's power, educational institutions can run well in the Metaverse's realms. - metaverseschool metaverseuniversity
Read more »

Judge: Trump allegedly engaged in 'conspiracy to defraud' US, knew fraud claim was wrongA federal judge found evidence that former President Donald Trump allegedly engaged in 'a conspiracy to defraud the United States,' ordering the transfer of four emails from Trump attorney John Eastman to the committee investigating the Capitol attacks.
Read more »

IRS Expands Key US Tax Language to Include NFTsYes, you definitely have to pay taxes on those NFT gains, according to a newly expanded definition for “digital assets” released by the U.S. IRS. jesseahamilton reports
Read more »