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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…
This Fall’s Sports Betting Lineup Could Include 5 New States
August 26, 2021
This Fall’s Sports Betting Lineup Could Include 5 New States
By: Sara Dalsheim
The sports wagering industry in the United States will be significantly expanded by the end of this year. This NFL season, fans in up to five new states may be able to legally bet on games from their own personal mobile device and/or desktop computer. Since the Supreme Court’s ruling in mid-2018 the legal sports betting market has taken off exponentially including the introduction of…
Arizona Provides Ancillary Suppliers with New Short Form Application
August 24, 2021
Arizona Provides Ancillary Suppliers with New Short Form Application
By: Sara Dalsheim
On the afternoon of Friday August 20, 2021, nearly three weeks prior to launch of legal event wagering in the state, the Arizona Department of Gaming (“Department”) announced the release of a new short form licensing application for ancillary suppliers. The form may be used by affiliates, geofence providers, identity verification service providers, independent test laboratories, integrity monitoring providers, marketing affiliates, and any other person…
Twitch Bans Casino Game Links in First Step Toward Improved Regulation of Gambling Content
August 13, 2021
Twitch Bans Casino Game Links in First Step Toward Improved Regulation of Gambling Content
By: Jacob Grubman
Video game streaming platform Twitch has issued a new rule prohibiting the sharing of links and referral codes to sites offering certain casino games, signaling an increased focus on a gambling streaming market that had caught fire in recent months. “To prevent harm and scams created by questionable gambling services that sponsor content on Twitch, we will prohibit sharing links and/or referral codes to sites…
How does a Supplier Register to Participate in CT iGaming and Sports Betting?
July 15, 2021
How does a Supplier Register to Participate in CT iGaming and Sports Betting?
By: Sara Dalsheim
Connecticut legalized sports betting this year and is hoping to launch in time for the 2021 NFL season. However, the registration process for operators and suppliers has yet to be set forth. The focus in Connecticut is largely on licensing fantasy operators in time for the 2021 NFL season. As a result of protests from players in the fantasy sports industry, Connecticut lawmakers added a…
Did the Supreme Court Just Clear the Way for Student Athletes to Promote Sports Betting?
June 24, 2021
Did the Supreme Court Just Clear the Way for Student Athletes to Promote Sports Betting?
By: Sara Dalsheim
The Supreme Court’s recent ruling in NCAA v. Alston, et al. could be the catalyst that transforms the NCAA’s student athlete regulation of the benefits/compensation provided to college athletes. The Court, in a decision written by Justice Neil Gorsuch, upheld the lower courts’ ruling that the NCAA violates antitrust laws by placing limits on the education-related benefits schools can offer to their athletes. Colleges and…
