Metaverse casino Slotie was hit Thursday with four emergency cease-and-desist orders from Texas, New Jersey, Kentucky, and Alabama for allegedly violating gambling laws.
Slotie uses the internet to solicit investors to participate in illegal gambling operations in the metaverse, a digital world where participants can interact, purchase products, and gamble online. Slotie is currently based in Georgia and began operating in 2021. It advertises to investors that its non-fungible tokens (NFTs) are a ticket to the “largest and fastest growing online casino network on the blockchain.”
NFTs are digital assets that show own one-of-a-kind virtual art, music, or in Slotie’s case, part of their metaverse casino. Since their inception, more than 10,000 Slotie NFTs have been sold to the public.
