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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…
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…
Is the Daily Fantasy Sports Showdown in Texas Just for Show?
September 17, 2018
Is the Daily Fantasy Sports Showdown in Texas Just for Show?
By: Ifrah Law
It’s a showdown in Texas over the legality of daily fantasy sports (“DFS”) contests under Texas law. But it’s a showdown only for show, it seems. The drama over the legality of DFS in Texas began on January 19, 2016, when Texas Attorney General Ken Paxton unilaterally issued an opinion letter declaring fantasy sports illegal within the state. The fallout from this opinion was swift….
