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tl;dr on SBET registration statement: Tokens are instantly registered on a ledger. Shares in public stock companies have to go through a registration process to come into existence. This is part of the market infrastructure. As part of the SBET PIPE, a bunch of new shares were sold to investors that came into existence. Those shares have to get "registered" to ever make it into market. So of course there is what's called a registration statement filed which makes the shares official. It would be the same as just recognizing that tokens have been minted as part of a smart contract, but it's tradfi tech. The filing doesn't reflect anyone's sales, which may or may not ever happen, I have no idea. But it's a basic filing. Like saying the sky is blue, but now it's officially blue. SBET filed about selling the shares two weeks ago, the market knew about that, and now this is the official statement saying yes SBET sold those shares to investors and they count (i.e. are registered).












