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Cold Water on Insider Trading Fears: Prediction Markets Miss the 2026 NFL Draft
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April 29, 2026
Cold Water on Insider Trading Fears: Prediction Markets Miss the 2026 NFL Draft
By: John Mikuta
From April 23 to April 25, the National Football League (“NFL”) held its annual player selection draft. Over 800,000 fans gathered in Pittsburgh, Pennsylvania to watch Commissioner Roger Goodell announce the picks live, with millions more watching on TV and other digital platforms.[1] But the NFL Draft is not just a spectator event—both traditional sportsbooks and prediction-market platforms allowed customers to risk money predicting which player would be selected first, how many quarterbacks would be chosen, and when particular players would come off the board.[2] NFL Draft betting took off in 2020, when COVID-19-related shutdowns brought most sports to a grinding halt. Until then, a typical draft garnered only about $1 million in wagers. The 2020 NFL Draft, however, saw…
After Ciminelli: Are the Feds Betting Too Big on Wire Fraud?
April 23, 2026
After Ciminelli: Are the Feds Betting Too Big on Wire Fraud?
By: Abbey Block
Can a technical violation of a website’s terms and conditions constitute a violation of the federal wire fraud statute? A federal court will soon decide just how broadly the statute may sweep, and whether all such forms of potentially dishonest conduct are subject to such stringent criminalization. On Monday, all eyes will be on the District Court for the Eastern District of New York when…
The Cost of Moving Too Fast: Is Your Company Really Ready to Apply for a US Gaming License?
April 21, 2026
The Cost of Moving Too Fast: Is Your Company Really Ready to Apply for a US Gaming License?
By: Amanda Holi
The allure of the US gaming and gambling market is undeniable. As more states legalize sports betting and online gaming, it seems full of possibilities. But as someone who navigates these regulatory waters daily, I often have to ask new clients a tough question: Is your company actually prepared to apply for a US gaming license? Entering the US isn’t just about having a great…
The Rise of Legalized Sports Gambling: Michelle Cohen Moderates NYU Sports Law Colloquium Panel
March 9, 2022
The Rise of Legalized Sports Gambling: Michelle Cohen Moderates NYU Sports Law Colloquium Panel
By: Jake Gray
In less than four years since the Supreme Court struck down the federal ban on sports betting, thirty states have legalized sports betting with more expected to come in the near future. The proliferation of betting across the country gave rise to a host of questions addressed at the NYU Sports Law Association’s 11th Annual Sports Law Colloquium, where Ifrah Law partner Michelle Cohen hosted…
Ifrah on NFTs: New iGaming Tokens Raise Novel Securities Questions
February 25, 2022
Ifrah on NFTs: New iGaming Tokens Raise Novel Securities Questions
By: Jacob Grubman
Non-fungible tokens (“NFTs”) are becoming increasingly prominent in the broader blockchain and cryptocurrency market, as new projects rush to incentivize buyers with offerings of “unmatched benefits.” These utilities, however, do not come without potential legal drawbacks. In the first article of this series, we covered the basics of NFTs—unique virtual items recorded with immutable characteristics on the blockchain. We also introduced the concept of Utility…
NFL Ratings Rise With Expansion Of Legal Sports Betting
February 18, 2022
NFL Ratings Rise With Expansion Of Legal Sports Betting
By: Jacob Grubman
With Super Bowl LVI two days away, the relationship between sports betting and fan engagement has never been clearer. In 2021 alone, 11 states either legalized or launched sports betting in some form, with seven going online at or near the start of the NFL season. And the developments have gone both ways: In April of last year, the NFL announced three new “Official Sportsbook Partners,” with…
Ifrah Law on NFTs: Blockchain Gaming and Gambling Compliance
February 9, 2022
Ifrah Law on NFTs: Blockchain Gaming and Gambling Compliance
By: Jake Gray
In the first article of this series, we covered the basics of non-fungible tokens (“NFTs”)—unique virtual items recorded with immutable characteristics on the blockchain. We also introduced the concept of Utility NFTs, which are NFTs that serve some function beyond their value as collectibles. Part II in our series highlights newly developing applications of Utility NFTs in the online gaming space, with a focus on…
Ifrah Law on NFTs: What is an NFT?
February 7, 2022
Ifrah Law on NFTs: What is an NFT?
By: Jake Gray
It would be hard to over-exaggerate the hype that has grown around non-fungible tokens (“NFTs”) over the past year as a result of the meteoric rise of Bitcoin, cryptocurrencies, and other blockchain-based technologies. NFT sales skyrocketed in 2021 to $25 billion, a colossal increase from $94.9 million in 2020. [1] And the number of unique cryptocurrency wallets trading NFTs rose from 545,000 in 2020 to…
