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CFTC Plants the Flag on Regulating Prediction Markets
FEATURED
March 4, 2026
CFTC Plants the Flag on Regulating Prediction Markets
By: John Mikuta
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 market.[2] Both enforcement actions involved trades by Kalshi users who either had direct or indirect influence over the outcome of the event or had access to material non-public information related to the event. In the first action, a candidate for Governor of California traded about $200 on his own candidacy and posted about it on social media.[3] Kalshi’s surveillance department located the social media post…
Jeff Ifrah Talks iGaming M&A: Opportunities, Strategies, and Smart Plays
February 18, 2026
Jeff Ifrah Talks iGaming M&A: Opportunities, Strategies, and Smart Plays
By: Ifrah Law
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 and advise on many of the industry’s game-changing M&A transactions…
Secrets of a Compliance and Licensing Analyst: What Clients Find Most Surprising About Applying for a Gambling License
February 11, 2026
Secrets of a Compliance and Licensing Analyst: What Clients Find Most Surprising About Applying for a Gambling License
By: Amanda Holi
Drawing from my experience on the front lines at Ifrah Law—a firm dedicated to the complexities of gaming and gambling-related applications—I’ve observed that even the most prepared clients can be blindsided by the sheer depth of the licensing process. To help you prepare, here are the four most common ‘surprises’ our clients encounter: Suitability is a Deep Dive, Not a Surface Check In the gambling…
Caught Red Handed, But What is Pete Rose’s Crime?
September 10, 2025
Caught Red Handed, But What is Pete Rose’s Crime?
By: James Trusty
What exactly is the hustle that has kept Pete Rose from safely sliding into the Baseball Hall of Fame? Recently released FBI files from the late 1980’s put little flesh on the skeleton in Rose’s closet, but plenty of normative questions remain about Rose’s now posthumous candidacy. The FBI reports lay out how a local bar in Franklin, Ohio, called Jonathan’s, was reportedly a front…
Silencing the Sidelines: Can Policies Protect Athletes from Harassment Without Suppressing Free Expression?
September 2, 2025
Silencing the Sidelines: Can Policies Protect Athletes from Harassment Without Suppressing Free Expression?
By: Abbey Block
With the new football season just around the corner, sports fans are donning their jerseys, checking the stats, and dialing in to watch their favorite athletes take the field. While the beginning of a new season is a time filled with excitement and anticipation, for many athletes – both professional and collegiate – it will also be the beginning of a season of harassment. Taunts,…
Horses, Casinos, and Prediction Markets – Old & New in Saratoga Springs
August 22, 2025
Horses, Casinos, and Prediction Markets – Old & New in Saratoga Springs
By: Michelle Cohen
Last week, I moderated a panel on the sizzling topic of prediction markets at the annual Racing and Gaming Conference at Saratoga. This conference brings together legislators, regulators, and industry professionals from a wide range of organizations in the gaming ecosphere – from horse trainers, to representatives of game suppliers and sports betting companies. It is a conference where the “old” (horse racing) and the…
Gambling Industry Takes on Addiction Prevention
July 28, 2025
Gambling Industry Takes on Addiction Prevention
By: Jordan Briggs
Last week, the National Council on Problem Gambling hosted advocates, regulators, counselors, and other industry participants in Columbus, Ohio for the National Conference on Gambling Addiction & Responsible Gambling 2025. With such a broad range of attendees, the conference offered many unique sessions geared towards different industry groups, including wellness sessions and recovery meetings alongside the overviews of ongoing, broad research and the operator-specific talks…
FAIR Treatment of Lost Bets
July 25, 2025
FAIR Treatment of Lost Bets
By: Avner Kronisch
Introduction On July 7, 2025, Representatives Dina Titus (D-NV) and Ro Khanna (D-CA) introduced H.R. 4304, the Fair Accounting for Income Realized from Betting Earnings Taxation Act, commonly known as the FAIR Bet Act.[1] Two days later, Senators Catherine Cortez Masto (D-NV), Jacky Rosen (D-NV), and Ted Cruz (R-TX) introduced the Senate companion bill, S. 2230, titled Facilitating Useful Loss Limitations to Help Our Unique…
