Metaverse Slotie casino received an emergency cease and desist order after being accused of selling illegal NFTs to finance its casino activities. Officials in four states allege that slotie owners have been soliciting investors to participate in what they say is an illegal gambling operation. State securities boards in Texas, Kentucky, New Jersey, and Alabama ordered Slotie to immediately stop selling NFTs to retail customers.

multiple failures

Slotie is a virtual casino based in Georgia, the country, not the US state, which started operations in October 2021. It sold securitized NFTs but failed to inform customers of crucial business information such as addresses, phone numbers, etc. phone and email addresses.

In a violation of state law, Slotie also…