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A Blog About Online Gaming and Entertainment Regulations

The National College Athletic Association (“NCAA”) relaxed its long-established opposition to sports betting this Wednesday in a decision that will allow for the sale of data to sportsbooks. The decision comes in the same week that NCAA president Mark Emmert agreed to leave his role in the middle of his contract once a new president is named, a move which will allow the NCAA to recalibrate amid a rapidly changing college sports landscape—from a new constitution and conference realignments to changed NIL rights and anti-trust lawsuits. Prompting the decision was the Mid-American Conference’s (“MAC”) formal rules interpretation request on the matter six weeks ago after the MAC struck a deal with Genius Sports to give Genius five years of exclusive marketing and distribution rights over the MAC’s official data. While the original deal only included the distribution of official MAC statistics for use by media companies and fan engagement platforms, NCAA’s decision now allows for the monetization of such data to sports betting companies. In question was Section 10.3... Read more

This week, Maine’s state House and Senate both approved a bill that would legalize online and retail sports betting.  The legislation provides the state’s four federally recognized Indian tribes with a monopoly on mobile sports betting rights.  The state’s two casinos, the Oxford Casino and the Hollywood Casino and Raceway in Bangor have the ability,… Read More

The Pennsylvania Gaming Control Board (Board) issued a letter to enact a policy change to raise the ownership interest threshold from one percent to five percent for ownership interests held in privately-owned entities. This immediately impacts the licensing requirements of “principal” applications in Pennsylvania and is effective for both existing licensees (or pending applications) and… Read More

State regulators in three states took the first steps in regulating non-fungible tokens (“NFTs”) as securities, issuing cease-and-desist orders against the online casino developer Sand Vegas Casino Club (“Sand Vegas”) and its co-founders for allegedly offering unregistered securities and violating various other securities-related regulations. As we have written, NFTs use smart contracts to offer holders… Read More

The broader gambling industry is transitioning into an increasingly online and mobile-based industry. Proliferation and popularity of online and mobile sports betting have evinced a burgeoning consumer demand for web-based gaming options. As the internet gaming (“iGaming”) market expands, gaming companies need to follow the Department of Justice’s (“DOJ”) new Guidance on web accessibility under… Read More

In the lull of a midweek break from March Madness, New York’s highest court made noise Tuesday when it finally handed down its fantasy sports ruling, confirming that fantasy sports contests are legal in the state. Fantasy sports players might not have even noticed it was a question: Tens of millions of people play fantasy… Read More

On April 4th, 2022, Ontario’s new internet gambling (igaming and sports betting) market will launch. To support operators in their advertising efforts prior to the launch, the Alcohol and Gaming Commission of Ontario (AGCO) published highlights from the Registrar’s Standards for Internet Gaming. These standards also address what affiliates and third parties must do to… Read More

On Monday, March 7th, IAB Canada, the main trade association responsible for digital advertising advancement in Canada, and thinkTV, the company responsible for clearance of television advertising in Canada, co-hosted a webinar focusing on the applicable standards for advertising of iGaming in Canada. Also present were representatives from the Canadian Gaming Association, the Alcohol and… Read More

Ifrah on NFTs: New iGaming Tokens Raise Novel Securities Questions
February 25, 2022

Ifrah on NFTs: New iGaming Tokens Raise Novel Securities Questions

By: Jacob Grubman and Jake Gray

Non-fungible tokens (“NFTs”) are becoming increasingly prominent in the broader blockchain and cryptocurrency market, as new projects rush to incentivize buyers with offerings of “unmatched benefits.” These utilities, however, do not come without potential legal drawbacks. In the first article of this series, we covered the basics of NFTs—unique virtual items recorded with immutable characteristics… Read More