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Advertising Prediction Markets? The CFTC Just Sent a Clear Message to Affiliates.
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August 17, 2026
Advertising Prediction Markets? The CFTC Just Sent a Clear Message to Affiliates.
By: Kyra Pulliam
The Commodity Futures Trading Commission (CFTC) recently issued guidance directed to designated contract markets (DCMs) concerning the marketing and offering of event contracts. The guidance was addressed to DCMs because no swap execution facilities (SEFs) currently list event contracts. However, the CFTC’s analysis is equally applicable to futures commission merchants (FCMs) and introducing brokers (IBs), as well as the advertising affiliates and marketing partners that help solicit customers for these products. The CFTC makes one thing clear: the anti-fraud and anti-manipulation provisions of the Commodity Exchange Act apply to the marketing of event contracts. For affiliates that drive traffic to prediction markets, this guidance is a reminder that compliance is not limited to the operator. Marketing materials matter, and regulators…
CFTC Sends Message to Prediction Markets: You Are Not a Sportsbook
August 11, 2026
CFTC Sends Message to Prediction Markets: You Are Not a Sportsbook
By: John Mikuta
In recent guidance, the Commodity Futures Trading Commission (“CFTC”) has made clear that event contracts offered by regulated prediction-market entities must not be marketed in a format commonly used by casino gambling bookmakers. The CFTC’s Division of Market Oversight and Market Participants Division issued a notice to all CFTC-regulated entities and affiliates regarding their obligations to refrain from engaging in misleading or deceptive practices when…
Nicole Kardell on Keeping iGaming Clients Nimble Amidst Ever-Evolving Privacy Regulations
August 3, 2026
Nicole Kardell on Keeping iGaming Clients Nimble Amidst Ever-Evolving Privacy Regulations
By: Ifrah Law
For iGaming companies, protecting customer privacy is paramount: Nicole Kardell acts as their guardian against federal, state and civil actions that could damage their reputations and profitability. Nicole performs on the leading edge of privacy law, helping to keep Ifrah’s clients in compliance with U.S. and international regulations governing the handling of customers’ confidential information. A certified privacy professional with expertise in European privacy law…
Advancing the Ball, Take Two: Google Opens Online Gaming Advertising in Four States
December 16, 2019
Advancing the Ball, Take Two: Google Opens Online Gaming Advertising in Four States
By: Nicole Kardell
Google will revise its advertising policies to allow ads for online casinos in several states where online gaming is legal and regulated. Notice of the change is posted on Google’s support forum which states that the revision will happen this month: “In December 2019, Google will update the Gambling and games policy to allow state-licensed entities to promote online casinos in Delaware, Nevada, New Jersey,…
Michigan Sets the Stage for Legal Sports Betting
December 10, 2019
Michigan Sets the Stage for Legal Sports Betting
By: Ifrah Law
Michigan is looking to go into 2020 with the prospect of sports betting and online gaming looming large. The Great Lakes State’s legislators reached a breakthrough this week with Governor Whitmer on online gaming and sports betting. While a few issues remain to be ironed out, it appears that Michigan will enter the new year with the two new bills freshly inked. Michigan is in…
Why is Player Betting a Cardinal Sin?
December 2, 2019
Why is Player Betting a Cardinal Sin?
By: James Trusty
Arizona Cardinal cornerback Josh Shaw has been suspended indefinitely by the NFL for violating the league’s blanket prohibition against betting on all things NFL. Shaw, who will miss at least the full 2020 season, had been on injured reserve since late August and had not played a down this year. The silver lining for Shaw’s grey cloud is that he joins the ranks of Paul…
Legal Sports Betting Arrives in The Centennial State
November 7, 2019
Legal Sports Betting Arrives in The Centennial State
By: Ifrah Law
Yesterday, Colorado voters narrowly approved a sports betting referendum, establishing Colorado as a sports betting leader in the Mountain West. The referendum was a long time coming, with the bill allowing the referendum to go forward having been passed last May. Signed by Governor Polis on May 29, House Bill 1327 placed a referendum on November’s ballot that would legalize sports betting at three existing…
NCAA Announces Groundbreaking Decision to Allow Compensation for College Athletes
October 30, 2019
NCAA Announces Groundbreaking Decision to Allow Compensation for College Athletes
By: Steven Eichorn
Yesterday, the NCAA Board of Governors unanimously voted to allow college athletes to receive some form of compensation.The permitted compensation is limited to “the opportunity to benefit from the use of their name, image, and likeness,” however, athletes will still not be permitted to receive compensation for their actual on-field play. To view the official NCAA Release, Click Here The concession to allow some form…
