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Missouri Votes for Legalized Online and Retail Sports Betting
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November 6, 2024
Missouri Votes for Legalized Online and Retail Sports Betting
By: Sara Dalsheim
Yesterday, the citizens of Missouri voted in favor of Amendment 2 to legalize online and retail sports betting by a small margin of under 7,500 votes. Missouri is now set to be the 39th state to legalize sports betting. Under the amendment, the retail and online sports wagering rights were granted to Missouri casinos and professional sports teams, each with the right to have one retail and one online license. The amendment also permits the state to offer two online sports betting licenses without a link to a Missouri casino or professional sports team. Individuals physically located within Missouri who are at least 21 years old will be able to place sports bets. The approved amendment provides that sports betting…
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A Modest Proposal to Reduce AI Liability: Add Warnings
November 4, 2024
A Modest Proposal to Reduce AI Liability: Add Warnings
By: Abbey Block
CONTENT WARNING: This blog includes discussion of suicide.[1] Imaginary friends are a common staple of childhood. Indeed, many children invoke the companionship of imaginary friends – relying on their creativity and imagination for entertainment and friendship. However, nowadays, young people no longer need to rely solely on their own creativity to conjure up a fictional companion. Rather, generative artificial intelligence (“AI”) programs such as Character.AI…
CFTC “Special Rule” Interpretation Led to an October Surprise
October 23, 2024
CFTC “Special Rule” Interpretation Led to an October Surprise
By: Robert Ward
On October 2, 2024, the Court of Appeals for the District of Columbia Circuit issued a decision that permitted KalshiEx LLC (“Kalshi”) to legally offer election contracts, which allow buyers to put down money based on their predictions as to party control of Congress and presidential election results.[1] This decision, and the district court decision that the Commodity Futures Trading Commission (“CFTC”) sought to stay,…
Critical Crypto-Securities Issue May Soon Come to a Head in SEC v. Ripple
February 8, 2023
Critical Crypto-Securities Issue May Soon Come to a Head in SEC v. Ripple
By: Jacob Grubman
This work was originally published in Business Law Today for the American Bar Association’s Business Law Section. A lawsuit filed by the U.S. Securities Exchange Commission (“SEC”) against Ripple Labs, Inc. (“Ripple Labs”), creator of the popular cryptocurrency token known as XRP, represents a turning point for the cryptocurrency and wider blockchain-technology industries in their relationship with regulators. As a significant part of the SEC’s…
How Regulated Sportsbooks Can Ensure Sports Integrity: A Case Study from the Recent UFC Scandal
January 2, 2023
How Regulated Sportsbooks Can Ensure Sports Integrity: A Case Study from the Recent UFC Scandal
By: Jake Gray
In the four years since the Supreme Court struck down the federal law prohibiting state-regulated sports betting in Murphy v. NCAA (2018), more than 30 states have legalized and are regulating sports betting in some capacity. Indeed, since the ruling, the nascent US sports betting industry enjoys rapid growth, especially in states where retail, mobile, and online betting platforms are permitted for consumers. For example,…
Florida Sports Betting Opponents and Government Stakeholders Head to Oral Argument in Federal Appellate Court
December 15, 2022
Florida Sports Betting Opponents and Government Stakeholders Head to Oral Argument in Federal Appellate Court
By: Jacob Grubman
This week’s oral argument in West Flagler Associates, Ltd. v. Haaland is the latest step in the dispute over whether the State of Florida and the Seminole Tribe of Florida can offer online sports betting throughout the state and not just on tribal land.
Massachusetts Lessens Licensing Burden on Marketing Affiliates… For Now
December 1, 2022
Massachusetts Lessens Licensing Burden on Marketing Affiliates… For Now
By: Sara Dalsheim
On December 1, 2022, the Massachusetts Gaming Commission (“MGC”) held an Open Meeting to discuss a number of items ahead of the upcoming launch of retail sports wagering and later launch of online sports wagering. Of particular note was a topic brought up by the Director of the Investigations and Enforcement Bureau, Loretta Lillios, requesting that the MGC, at least temporarily, lessen the licensing requirements…
Four States Coordinate Against Metaverse Casino’s NFT Sales
October 25, 2022
Four States Coordinate Against Metaverse Casino’s NFT Sales
By: Jake Gray
On Thursday, October 20th, state securities regulators from Alabama, Kentucky, New Jersey, and Texas filed coordinated enforcement actions to stop sales of non-fungible tokens (“NFTs”) by an organization in the country of Georgia. The actions accuse Slotie NFT (“Slotie”) of “illegally and fraudulently selling NFTs to raise capital relating to gaming in online and metaverse casinos” in like manner to the offer and sale of…
