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Prediction Markets Raising Predictable Questions of Regulation, Public Policy
FEATURED
January 27, 2026
Prediction Markets Raising Predictable Questions of Regulation, Public Policy
By: John Mikuta
On January 3, 2026, the United States carried out a shocking military strike against Venezuela, resulting in the capture of Venezuelan President Nicolas Maduro.[i] Maduro was taken from his home in Caracas and flown to New York, where he faces narco-terrorism conspiracy, cocaine importation conspiracy, and weapons possession conspiracy charges.[ii] While the strike surprised most of the world, a few traders on Polymarket seemingly anticipated that it would occur. Polymarket, the “world’s largest prediction market,”[iii] is a platform where “people can bet on the outcome of future events” by buying and selling shares in the outcomes.[iv] Polymarket allows users to trade on sports outcomes, economic data, business actions, pop culture, and—as relevant here—political events such as election outcomes and international…
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Virginia Poised to Legalize iGaming
January 14, 2026
Virginia Poised to Legalize iGaming
By: Sara Dalsheim
There has been chatter for some time that Virginia will soon become the next state to join in on the fun of legalized iGaming. Today, House Bill 161 and Senate Bill 118 will be officially offered as proposed legislation (the bills were pre-filed on January 6, 2026). House Bill 161 will officially be introduced by Delegate (“Del.”) Marcus Simon proposing to amend and reenact the…
The United Kingdom Institutes a Voluntary Code of Good Practice for Operators of Prize Draws
November 26, 2025
The United Kingdom Institutes a Voluntary Code of Good Practice for Operators of Prize Draws
By: John Mikuta
The United Kingdom has published a Voluntary Code of Good Practice for operators of prize draws and competitions (“PDCs”).[1] The Code contains a wide range of key measures that operators are expected to implement to improve player safety and transparency. Because the Code is voluntary, operators are not legally bound to abide by it. However, dozens of operators and other relevant entities in the United…
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…
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…
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…
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…
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…
