US State Securities order cease and desist to a Casino Metaverse

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[{"selector":"#anim-a5dc904f-ce82-4ee3-973d-97a10deca9f6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ca06e0d6-c225-4c6b-9a93-c81e5d56a295","keyframes":{"transform":["translate3d(-115.78948%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Slotie, a virtual casino platform, receives an order to cease and desist its operations from US State Securities in Texas, Kentucky, New Jersey, and Alabama due to illegal activity.

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[{"selector":"#anim-1ce04e24-1d04-45df-8fe0-0e68f6528812","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e1737882-7fc3-4c8e-b428-a3f45b8b895e","keyframes":{"transform":["translate3d(-117.08861%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fbe8fcb2-28bb-43a3-8dc6-15242dd2a9f7","keyframes":[{"offset":0,"transform":"translate3d(0, -198.73737%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -55.884948444%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -18.999292572%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -7.134671583%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -3.1003029719999997%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":1600,"fill":"both"}] “The Slotie NFTs purportedly provide investors with ownership interests in the casinos and the right to passively share in the profits of the casinos,” a statement by the Texas Securities reads.

“Slotie also allegedly issued WATTs, an ERC-721 token on the Ethereum blockchain that plays a key role in the illegal scheme,” the statement included.

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The platform also didn’t provide adequate information on operating virtual gambling; instead, it released fake information and didn’t register as a broker-dealer based on the US laws for casinos.

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US State Securities order cease and desist to a Casino Metaverse

“Slotie also allegedly issued WATTs, an ERC-721 token on the Ethereum blockchain that plays a key role in the illegal scheme,” the statement included.

The platform also didn’t provide adequate information on operating virtual gambling; instead, it released fake information and didn’t register as a broker-dealer based on the US laws for casinos.

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