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Advertising Prediction Markets? The CFTC Just Sent a Clear Message to Affiliates.
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August 17, 2026
Advertising Prediction Markets? The CFTC Just Sent a Clear Message to Affiliates.
By: Kyra Pulliam
The Commodity Futures Trading Commission (CFTC) recently issued guidance directed to designated contract markets (DCMs) concerning the marketing and offering of event contracts. The guidance was addressed to DCMs because no swap execution facilities (SEFs) currently list event contracts. However, the CFTC’s analysis is equally applicable to futures commission merchants (FCMs) and introducing brokers (IBs), as well as the advertising affiliates and marketing partners that help solicit customers for these products. The CFTC makes one thing clear: the anti-fraud and anti-manipulation provisions of the Commodity Exchange Act apply to the marketing of event contracts. For affiliates that drive traffic to prediction markets, this guidance is a reminder that compliance is not limited to the operator. Marketing materials matter, and regulators…
CFTC Sends Message to Prediction Markets: You Are Not a Sportsbook
August 11, 2026
CFTC Sends Message to Prediction Markets: You Are Not a Sportsbook
By: John Mikuta
In recent guidance, the Commodity Futures Trading Commission (“CFTC”) has made clear that event contracts offered by regulated prediction-market entities must not be marketed in a format commonly used by casino gambling bookmakers. The CFTC’s Division of Market Oversight and Market Participants Division issued a notice to all CFTC-regulated entities and affiliates regarding their obligations to refrain from engaging in misleading or deceptive practices when…
Nicole Kardell on Keeping iGaming Clients Nimble Amidst Ever-Evolving Privacy Regulations
August 3, 2026
Nicole Kardell on Keeping iGaming Clients Nimble Amidst Ever-Evolving Privacy Regulations
By: Ifrah Law
For iGaming companies, protecting customer privacy is paramount: Nicole Kardell acts as their guardian against federal, state and civil actions that could damage their reputations and profitability. Nicole performs on the leading edge of privacy law, helping to keep Ifrah’s clients in compliance with U.S. and international regulations governing the handling of customers’ confidential information. A certified privacy professional with expertise in European privacy law…
Pennsylvania’s Aggressive and Conflicting Approach to Skill Gaming and Versus the House Fantasy Sports Operators
April 5, 2024
Pennsylvania’s Aggressive and Conflicting Approach to Skill Gaming and Versus the House Fantasy Sports Operators
By: Steven Eichorn
The early part of 2024 has proven to be unexpectedly eventful in Pennsylvania in regards to sports betting, fantasy contests, and skill games. There is always an interesting dynamic- and sometimes tension- in regards to the different regulatory regimes and which one applies to a specific platform. For example, who takes ownership over a game that offers NFL themed lottery tickets? What regulation applies to…
Say it Ain’t So, Oh!
April 3, 2024
Say it Ain’t So, Oh!
By: James Trusty
The Shohei Ohtani betting scandal has receded from view for the moment, but its brief surfacing last week provided fundamental guidance on how not to manage a crisis faced by a professional athlete, while also giving rise to some serious issues for Major League Baseball (“MLB”) to address in the near future. Lawyers and publicists in the niche world of crisis management unofficially swear a…
A Positive Result of Legalized Sports Betting is Solution for Betting Corruption and Match Fixing
March 26, 2024
A Positive Result of Legalized Sports Betting is Solution for Betting Corruption and Match Fixing
By: Sara Dalsheim
This month, Sportradar released its “Betting Corruption and Match-Fixing Report” (the “Report”) from the company’s Integrity Services Division[1] The Report covered approximately 850,000 sporting events and matches across 70 sports. Sportradar identified a total of 1,329 suspicious matches in 2023, in 11 sports in 105 countries. This represented a marginal increase over the 1,212 suspicious matches Sportradar detected in 2022. 99.5% of sporting events displayed…
Ifrah Law Interviews David Purdum on Sports Integrity
March 22, 2024
Ifrah Law Interviews David Purdum on Sports Integrity
By: Jake Gray
The stakes have never been higher for sports leagues and athletes to maintain the integrity of their contests. The mere possibility of thrown games, points shaven, or dishonest referee calls turns many bettors into pseudo-detectives, scrutinizing outcomes on behalf of their lost wagers. We interviewed David Purdum, an investigative journalist who writes on the sports betting industry for ESPN, for his thoughts on sports integrity…
Are Lottery Courier Services the Next Big Thing?
March 19, 2024
Are Lottery Courier Services the Next Big Thing?
By: Steven Eichorn
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 the consideration in cash and the remainder in common stock….
