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Following in Florida’s Footsteps: Hub-and-Spoke Sports Betting Could Be Coming to Wisconsin.
Oct 28, 2025
Following in Florida’s Footsteps: Hub-and-Spoke Sports Betting Could Be Coming to Wisconsin.
Statewide online sports betting may soon be coming to Wisconsin. Last week, a bipartisan group of Wisconsin legislators introduced a bill, LRB-4723/1, which would legalize online sports betting in the state.[1] If the bill is enacted into law, Wisconsin would become the 32nd state to allow online sports betting statewide. Wisconsin has not yet enacted…
As Predicted, Prediction Markets Dominate G2E Discussions
Oct 13, 2025
As Predicted, Prediction Markets Dominate G2E Discussions
Every year at the biggest gaming conference in the world, G2E, there is one topic on everyone’s lips. In past years, these topics have been legalized online sports wagering, daily fantasy sports, legalized iGaming, expansions of legalized online gaming, social gaming, and sweepstakes casinos. This year it was no different; the topic being – prediction…
CFTC Withdraws Specialized Guidance On Cryptocurrency Derivatives
Mar 31, 2025
CFTC Withdraws Specialized Guidance On Cryptocurrency Derivatives
In line with the Securities and Exchange Commission’s (“SEC”) transformation from cryptocurrency enemy to ally, the Commodity Futures Trading Commission (“CFTC”) is now following its sister agency’s lead. By withdrawing its specialized guidance on digital currency derivatives, the CFTC signals a more hospitable regulatory approach to the industry, one that recognizes the growing maturity and…
The Gambling Industry’s Regulatory Lessons for Cryptocurrency
Feb 24, 2025
The Gambling Industry’s Regulatory Lessons for Cryptocurrency
While most of American population has mixed feelings on the results of the 2024 election; the cryptocurrency (“crypto”) industry does not. Crypto companies made up one-third of all direct corporate contributions to political action committees, and it resulted in 85% of all winning congressional candidates being supporters of the crypto industry. So, what does the…
Crypto’s Gamble Pays Off: SEC Enforcement Stalls Under Trump Administration
Feb 21, 2025
Crypto’s Gamble Pays Off: SEC Enforcement Stalls Under Trump Administration
The cryptocurrency industry’s political bet on Trump appears to be paying early dividends in his administration’s first month. The Securities Exchange Commission’s (“SEC”) rapid pivot–reorganizing its enforcement units and pausing major crypto litigation–signals a dramatic shift in the agency’s approach to digital asset regulation. In the past, we have analyzed several enforcement actions by the…
When Sports Bettors Win, So Does the IRS
Oct 7, 2024
When Sports Bettors Win, So Does the IRS
Sports betting and adjacent industries have exploded in the United States. One area that continues to cause confusion is the taxation of these businesses – both for the companies and the individual players. For individual bettors, the IRS has clear rules on gambling income that predate the recent explosion of the sports betting industry. In…
Are Lottery Courier Services the Next Big Thing?
Mar 19, 2024
Are Lottery Courier Services the Next Big Thing?
On February 15, 2024, DraftKings announced that it would acquire lottery app Jackpocket (which is a lottery courier services provider- i.e. it enables customers to obtain lottery tickets such as PowerBall and MegaMillions directly from their mobile app) for about $750 million in cash and stock. The company said it would pay about 55% of…
Investment Giant Clears State Regs, Gains Major iGaming Equity Stake
Mar 4, 2024
Investment Giant Clears State Regs, Gains Major iGaming Equity Stake
The world’s largest alternative asset manager was poised to make a major move in the iGaming space by investing in a leading geolocation company. The financial pathway for the envisioned investment was clear, but a transaction would require multiple state-level approvals. Ifrah Law drew on its deep experience in gaming law and working with regulators…
Cross-Border Acquisition Helps Canadian Firm Gain Traction in U.S. iGaming Markets
Jan 10, 2024
Cross-Border Acquisition Helps Canadian Firm Gain Traction in U.S. iGaming Markets
A Canada-based payment technology company successfully expanded into the lucrative, and highly regulated, U.S. iGaming market by working with Ifrah Law to plan and execute the $370 million acquisition of a U.S.-based iGaming payments-processing expert. Since its founding 2003, Canadian fintech company Nuvei Technologies has grown into a potent business accelerator for clients around the…
DraftKings Should Prevail in NFT-Securities Litigation
Oct 13, 2023
DraftKings Should Prevail in NFT-Securities Litigation
In February 2022, we wrote about the extent to which NFTs could raise novel securities laws questions, invoking the case of Friel v. Dapper Labs and utility-based NFT offerings conjoined to ownership-based privileges associated with securities. A year later, in February 2023, a judge from the U.S. District Court for the Southern District of New…
