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Major League Development: CFTC and MLB Agree to Monitor the Integrity of Prediction Markets
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March 19, 2026
Major League Development: CFTC and MLB Agree to Monitor the Integrity of Prediction Markets
By: John Mikuta
In a watershed moment for the prediction market industry, the Commodity Futures Trading Commission (“CFTC”) signed a Memorandum of Understanding (“MOU”) with Major League Baseball (“MLB”) today. According to the CFTC’s press release, the groundbreaking agreement “establishes a framework for the CFTC and MLB to discuss, cooperate, and exchange information concerning issues of common interest including protecting the integrity of professional baseball and the relating prediction markets.” [1] The MOU “provides a mechanism for the CFTC and MLB to exchange information,” which will “enable both parties to more swiftly respond to incidents and better anticipate emerging trends.” The MOU provides that the parties “endeavor to meet as needed, but at least monthly, to identify and discuss issues that may impact…
Jim Trusty on Smart Legal Moves for Clients Under Pressure
March 18, 2026
Jim Trusty on Smart Legal Moves for Clients Under Pressure
By: Ifrah Law
A veteran federal prosecutor and formidable white-collar litigator, Jim Trusty clears a lane for clients facing a gauntlet of criminal charges, civil actions, investigations, and regulatory proceedings. From professional athletes facing sports wagering accusations or indictments, to gaming companies and executives involved in regulatory or white-collar matters, clients rely on Jim’s legal strategy, political savvy, and prosecutorial insights when the stakes are highest. Protecting iGaming…
Gambling on Skill: Enforcement of Gambling Laws Against Skill Games in Outlier States
March 10, 2026
Gambling on Skill: Enforcement of Gambling Laws Against Skill Games in Outlier States
By: Jordan Briggs
In many states, people can legally pay entry fees to participate in a skill game and win cash prizes. For most states that allow participants to wager on their own skilled gameplay, the analysis for whether a certain game qualifies as a legal skill game turns on whether the game is one of chance or of skill. Each state has its own test to determine…
Coming to [North] America: Content Regulation for Gaming Ads and Marketing
April 28, 2021
Coming to [North] America: Content Regulation for Gaming Ads and Marketing
By: Nicole Kardell
The Alcohol and Gaming Commission of Ontario recently published its Draft Registrar’s Standards for Internet Gaming (“Draft Standards”). The purpose of the 50-page document is “to ensure that regulated entities have a sound control environment, and an organizational structure that promotes good governance, accountability and oversight, as well as transparency in dealings with the AGCO.” Among the areas of oversight (which are broad reaching) is…
Following Trend, Arizona Pro Teams Get In On Sports Wagering Action
April 23, 2021
Following Trend, Arizona Pro Teams Get In On Sports Wagering Action
By: Ifrah Law
This article was originally published on Forbes.com on April 16, 2021.
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…
