Insights < BACK TO ALL INSIGHTS
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…
What are you looking for?
Blog Series
Real Experience. Real Results.
Stories of successfully resolved iGaming client issues and challenges.
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…
NASPL Responds to the DOJ Reversal of Opinion
February 5, 2019
NASPL Responds to the DOJ Reversal of Opinion
By: Ifrah Law
On February 4, 2019, the North American Association of State and Provincial Lotteries (“NASPL”) issued a statement responding to the Department of Justice’s January 14, 2019, opinion regarding the Wire Act of 1961. In its statement, the NASPL hints that the DOJ failed to consider the effects its latest Wire Act opinion would have on state lotteries. The NASPL is a non-profit trade association that…
Lawmakers Pass Online Gambling Bill in Michigan: What this Means for The Great Lakes State
December 21, 2018
Lawmakers Pass Online Gambling Bill in Michigan: What this Means for The Great Lakes State
By: Ifrah Law
The Michigan legislature has passed a trio of bills that would legalize and regulate online gaming. If these bills are signed into law, Michigan’s three commercial casinos and 24 tribal casinos will soon offer players sports betting, online poker, and online casino games. In addition, these bills will pave the way for sports betting in 2019. With this triumvirate in place, Michigan is guaranteed…
NBA Announces Deals to Provide Exclusive League Data to Sports Betting Operators
November 29, 2018
NBA Announces Deals to Provide Exclusive League Data to Sports Betting Operators
By: Ifrah Law
Once adamantly opposed to the idea of legal sports betting, professional sports leagues are now hurrying to play catch-up in order to profit from the burgeoning sports betting market. On Wednesday, the National Basketball Association (“NBA”) issued a release announcing its “first betting data partnerships in the U.S.” with sports data companies Sportradar and Genius Sports to distribute NBA sports betting data to United States…
Ruling in Daniels v. FanDuel Highlights the Value of Sports Data and Contemporary Culture
October 29, 2018
Ruling in Daniels v. FanDuel Highlights the Value of Sports Data and Contemporary Culture
By: Nicole Kardell
More good news for sports betting operators exploring U.S. markets: the Indiana Supreme Court has upheld the “newsworthy value” of sports player stats. The ruling will make it harder for leagues and players to exercise control over (or to extract rents from) the distribution of player data. The case, Daniels v. FanDuel, was brought by several college athletes against DraftKings, Inc. and FanDuel, Inc. Plaintiff…
But today I am still just a Bill
October 22, 2018
But today I am still just a Bill
By: James Trusty
By all accounts, a bill for legalized sports betting in D.C. (“The Sports Wagering Lottery Amendment Act of 2018”) was well-received last week by the City Council, but the byzantine process by which it might become a law leaves plenty of opportunities for mischief. On Wednesday, Councilman Jack Evans introduced legislation with the support of Mayor Bowser and co-sponsorship of five other councilmembers, and with…
