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CFTC Withdraws Specialized Guidance On Cryptocurrency Derivatives

CFTC Withdraws Specialized Guidance On Cryptocurrency Derivatives

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both CFTC Staff Advisory No. 18-14 and the subsequent 2023 guidance, CFTC Staff Advisory No. 23-07 have been officially withdrawn, marking a clear departure from the agency’s previous cautionary stance.[1][2] What’s In the Advisories The CFTC’s first digital asset advisory, Letter No.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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Stories of successfully resolved iGaming client issues and challenges.

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…

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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…

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Maryland Legislature Poised to Send Sports Gambling Bill to the Governor

April 13, 2021

Maryland Legislature Poised to Send Sports Gambling Bill to the Governor

By: George Calhoun

As part of the 2020 election, Maryland voters approved a Constitutional amendment to allow sports betting.  In February, I reported on the Maryland legislature’s efforts to pass a new bill to legalize and regulate sports gambling.  The state passed another milestone yesterday when the Maryland Senate unanimously approved a new sports wagering bill. The bill is the result of a compromise reached between the House…

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In Competing Proposals for New York Mobile Sports Betting, the Winner is Clear

April 2, 2021

In Competing Proposals for New York Mobile Sports Betting, the Winner is Clear

By: Ifrah Law

Today, New Yorkers who want to place a legal mobile sports wager need to drive to neighboring New Jersey or Pennsylvania.  Otherwise, unless residents of the Big Apple and the rest of the state want to wager with an illegal offshore operator or local bookmaker, New Yorkers remain out of luck these days.  However, the annual state budget negotiations have provided a window of opportunity…

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NBA Gets Comfortable With NFTs

March 17, 2021

NBA Gets Comfortable With NFTs

By: Ifrah Law

When people think about LeBron James or Giannis Antetokounmpo, blockchain and digital tokens are probably not the first, tenth, or hundredth thing that comes to mind.  But with the rise of NBA Top Shot—a non-fungible token (NFT) that exists on the blockchain, consisting of player video highlights officially licensed from the NBA—that may be changing. What is an NFT? The creator of Top Shot, Dapper…

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Corruption of NCAA Sports Will Not Fly Under the Radar

February 28, 2021

Corruption of NCAA Sports Will Not Fly Under the Radar

By: James Trusty

With the increasing popularity of sports betting across the country comes the ever-present concern that big money brings big temptation, and that concern is most acutely fixated on the NCAA sports scene. Gamblers and non-gamblers alike do not want to see their favorite collegiate contests infected with fixed results or point shaving. But in an era where technology is exponentially spreading the availability of sports…

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Google Play Gives Online Gaming Another Boost

January 31, 2021

Google Play Gives Online Gaming Another Boost

By: Nicole Kardell

We have seen commercial winners and losers in the COVID era. Online gaming has been a clear winner, with record participation during shelter-in-place times. It just received another boost thanks to a policy change at Google: Google Play recently announced it will allow gambling apps in the Google Play store starting March 1. This is a first for U.S.-based gamers who will now be able to…

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Articles and Presentations by Our Firm Attorneys

CFTC Withdraws Specialized Guidance On Cryptocurrency Derivatives

CFTC Withdraws Specialized Guidance On Cryptocurrency Derivatives
By: Jake Gray

Sweepstakes Issues Draw Focus at Next.io Summit

Sweepstakes Issues Draw Focus at Next.io Summit
By: Jordan Briggs

YouTube Fills Federal Policing Void on Gambling

YouTube Fills Federal Policing Void on Gambling
By: Sara Dalsheim

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