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CFTC Withdraws Specialized Guidance On Cryptocurrency Derivatives
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March 31, 2025
CFTC Withdraws Specialized Guidance On Cryptocurrency Derivatives
By: Jake Gray
In step with the Securities and Exchange Commission’s (“SEC”) transformation from cryptocurrency adversary 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 accommodating regulatory approach that recognizes the growing maturity and mainstream acceptance of digital asset markets. As of March 28, 2025, both CFTC Staff Advisory No. 18-14 and the subsequent 2023 guidance, CFTC Staff Advisory No. 23-07 have been officially withdrawn, marking a clear departure from the agency’s previous cautionary stance.[1][2] What’s In the Advisories The CFTC’s first digital asset advisory, Letter No. 18-14, came in 2018 when digital asset derivatives products and their underlying spot markets were new,…
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Sweepstakes Issues Draw Focus at Next.io Summit
March 27, 2025
Sweepstakes Issues Draw Focus at Next.io Summit
By: Jordan Briggs
Social casinos were one of the many hot topics at the Next.io summit in New York March 12-13, so much so that they got their own well-attended summit on March 11. Generally, there are three types of online social casinos: social casinos with no option to purchase any plays; social casinos with the option to purchase plays and the only thing a user can win…
YouTube Fills Federal Policing Void on Gambling
March 17, 2025
YouTube Fills Federal Policing Void on Gambling
By: Sara Dalsheim
The ultimate inhibitor of the regulated gambling industry is the illegal ever-present offshore market. The regulated industry has been consistently asking for assistance from law enforcement to assist them in stamping out the illegal market – that, unlike the regulated industry, is not required to abide by any of the mechanisms that protect consumers. The federal government has failed to answer the call, so the…
Thinking of Starting Your Own DFS Company?
July 3, 2023
Thinking of Starting Your Own DFS Company?
By: Sara Dalsheim
The expansion of daily fantasy sports (“DFS”) is on the rise in the United States. As the country prepares for the 2023-24 NFL season, it is around this time we see new products come to the market. Unlike sports betting, launching a DFS product has less regulatory barriers. Although, there are a few key states with regulatory compliance requirements that new contest operators should keep…
Circuit Court for the District of D.C. Upholds Compact: What this Means for Sports Betting in Florida
June 30, 2023
Circuit Court for the District of D.C. Upholds Compact: What this Means for Sports Betting in Florida
By: Abbey Block
Today, the Court of Appeals for the D.C. Circuit issued a decision in West Flagler Associates, Ltd. v. Haaland, that will have meaningful implications for the future of online sports betting in Florida along with the interpretation of the Indian Gaming Regulatory Act (“IGRA”). By way of background, in the spring of 2021, the State of Florida and the Seminole Tribe announced a compact under IGRA purporting…
Ifrah Law on Web3: Web3 Gaming
June 29, 2023
Ifrah Law on Web3: Web3 Gaming
By: Jake Gray
What We’ve Covered In the initial two blog posts of this series, we explored the fundamentals of the World Wide Web, focusing on its iterative issues and solutions as the technology evolved. We charted the history of the Web briefly, from its early stages of relatively isolated, static, and read-based websites to today’s rather centralized, interconnected, write-based websites, highlighting the underlying reasons and innovations behind…
Is Sports Wagering Regulation and Legalization Leading to More Sports Integrity?
May 25, 2023
Is Sports Wagering Regulation and Legalization Leading to More Sports Integrity?
By: Sara Dalsheim
During the debate to legalize sports wagering in the United States opponents claimed that it would lead to increased corruption and match fixing in sports. However, Sportsradar’s annual Betting Corruption and Match-Fixing Integrity Services Report for 2022[1] revealed that the number of suspicious matches has declined in North America. According to the Report the number of suspicious matches in North America declined 25% compared to…
NFL Gambling Policy Can Benefit From Small Modification
May 10, 2023
NFL Gambling Policy Can Benefit From Small Modification
By: Steven Eichorn
Recently, the NFL suspended five players for violations of the league’s gambling policy. Three players received indefinite bans (with the right to apply for reinstatement after the 2023 season) because they were caught betting on NFL games in the 2022 season, while two other players received six-game suspensions for betting on non-NFL games at a league facility (i.e., they were betting on college games at…