If you are a fantasy sports betting aficionado, you are probably aware of Marketplace, a site where customers of the fantasy sports company DraftKings can buy or trade DraftKings-created digital trading cards of football players, UFC fighters and pro golfers. DraftKings customers can use those digital cards to assemble teams to compete for cash prizes throughout the sports season with teams assembled by other card owners. But according to a ruling on Tuesday, Marketplace isn’t just the digital-age equivalent of a baseball card shop. It’s (allegedly) an unlicensed securities exchange. Alison Frankel has the story.
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