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Lessons from the Restructuring of an Online Sports Betting Company
Jun 12, 2026
Lessons from the Restructuring of an Online Sports Betting Company
The U.S. has seen numerous casino bankruptcies, including, most recently, Maverick Gaming in July 2025. What it has not seen, until now, is the bankruptcy of an online sportsbook. Previously, when companies exited a state, they cut deals with as many creditors as possible and just left the state (or the United States). Examples of…
CFTC Predicting Litigation Success over Multiple State
Jun 8, 2026
CFTC Predicting Litigation Success over Multiple State
Through recent litigation actions, the Commodity Futures Trading Commission (“CFTC”) continues to stake out an aggressive position in the fight over who has the authority to regulate prediction markets. On May 18, 2026, Minnesota Gov. Tim Walz signed into law SF 4760, an omnibus public safety bill that made it a felony to operate or…
Cold Water on Insider Trading Fears: Prediction Markets Miss the 2026 NFL Draft
Apr 29, 2026
Cold Water on Insider Trading Fears: Prediction Markets Miss the 2026 NFL Draft
From April 23 to April 25, the National Football League (“NFL”) held its annual player selection draft. Over 800,000 fans gathered in Pittsburgh, Pennsylvania to watch Commissioner Roger Goodell announce the picks live, with millions more watching on TV and other digital platforms.[1] But the NFL Draft is not just a spectator event—both traditional sportsbooks…
George Calhoun on Keeping iGaming Companies Competitive and Thriving
Apr 21, 2026
George Calhoun on Keeping iGaming Companies Competitive and Thriving
Chambers-ranked litigator George Calhoun acts as a strategic guide for Ifrah Law’s iGaming clients who face difficult business challenges. When iGaming operators are trapped in unfavorable legacy agreements or scrambling after their business partners suddenly bail out, George provides the strategic counsel they need in an industry defined by rapid expansion, complex agreements, and high…
Maryland’s Ever-Changing Gaming Landscape: Evolution, Adaptation, and Legal Tension
Mar 23, 2026
Maryland’s Ever-Changing Gaming Landscape: Evolution, Adaptation, and Legal Tension
Maryland’s Ever-Changing Gaming Landscape: Evolution, Adaptation, and Legal Tension Earlier this month I had the opportunity to attend the 3rd annual Town Hall Meeting, hosted by Morgan State University’s Center for Data Analytics and Sports Gaming Research and National Council of Legislators from Gaming States and participate in a lively discussion about the ever-changing face…
Major League Development: CFTC and MLB Agree to Monitor the Integrity of Prediction Markets
Mar 19, 2026
Major League Development: CFTC and MLB Agree to Monitor the Integrity of Prediction Markets
In a watershed moment for the prediction market industry, the Commodity Futures Trading Commission (“CFTC”) signed a Memorandum of Understanding (“MOU”) with Major League Baseball (“MLB”) today. According to the CFTC’s press release, the groundbreaking agreement “establishes a framework for the CFTC and MLB to discuss, cooperate, and exchange information concerning issues of common interest…
CFTC Plants the Flag on Regulating Prediction Markets
Mar 4, 2026
CFTC Plants the Flag on Regulating Prediction Markets
On February 25, 2026, the Commodity Futures Trading Commission (“CFTC”), the governmental body primarily responsible for overseeing prediction markets, took a significant step toward consolidating its authority to oversee trading activities on prediction-market platforms.[1] The CFTC’s Division of Enforcement issued a “Prediction Markets Advisory” describing two enforcement actions brought by Kalshi, the world’s largest prediction…
Jeff Ifrah Talks iGaming M&A: Opportunities, Strategies, and Smart Plays
Feb 18, 2026
Jeff Ifrah Talks iGaming M&A: Opportunities, Strategies, and Smart Plays
One of the best-known power players in iGaming, Jeff Ifrah is both the team captain and the founding MVP of Ifrah Law’s nationally ranked Online Gaming and Sports Betting practice. His strength as a litigator is matched by his depth as a business strategist and counselor. A respected dealmaker, Jeff has helped to incubate, structure…
Prediction Markets Raising Predictable Questions of Regulation, Public Policy
Jan 27, 2026
Prediction Markets Raising Predictable Questions of Regulation, Public Policy
On January 3, 2026, the United States carried out a shocking military strike against Venezuela, resulting in the capture of Venezuelan President Nicolas Maduro.[i] Maduro was taken from his home in Caracas and flown to New York, where he faces narco-terrorism conspiracy, cocaine importation conspiracy, and weapons possession conspiracy charges.[ii] While the strike surprised most…
The United Kingdom Institutes a Voluntary Code of Good Practice for Operators of Prize Draws
Nov 26, 2025
The United Kingdom Institutes a Voluntary Code of Good Practice for Operators of Prize Draws
The United Kingdom has published a Voluntary Code of Good Practice for operators of prize draws and competitions (“PDCs”).[1] The Code contains a wide range of key measures that operators are expected to implement to improve player safety and transparency. Because the Code is voluntary, operators are not legally bound to abide by it. However,…
