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Will OpenSea be sued by the SEC by December 31, 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Publicly available legal filings and announcements from the SEC
Story
OpenSea Receives SEC Wells Notice; CEO Devin Finzer Pledges $5 Million Defense
Aug 28, 2024, 02:39 PM
OpenSea, a leading non-fungible token (NFT) marketplace, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC). The notice indicates the SEC's intent to potentially sue OpenSea, asserting that some NFTs on the platform may be classified as securities. OpenSea CEO Devin Finzer expressed shock at the SEC's move, stating that NFTs are fundamentally creative goods and should not be regulated as securities. In response, OpenSea has pledged $5 million to defend creators and artists against the SEC's actions.
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Yes • 50%
No • 50%
Yes • 50%
No • 50%
Settlement • 25%
OpenSea wins • 25%
SEC wins • 25%
Case dismissed • 25%
Contest the SEC's classification • 25%
Reach a settlement • 25%
Delist NFTs classified as securities • 25%
Other response • 25%
SEC files lawsuit • 25%
Settlement reached • 25%
No action taken • 25%
Other outcome • 25%
No fines • 25%
Less than $5 million • 25%
$5 million to $10 million • 25%
More than $10 million • 25%