Insights < BACK TO ALL INSIGHTS
Trust the Future You Trade: Lessons About Prediction Market Surveillance from the DACOM Summit
FEATURED
September 23, 2026
Trust the Future You Trade: Lessons About Prediction Market Surveillance from the DACOM Summit
By: John Mikuta
Prediction markets are no longer a niche offering confined to a small corner of the internet. The rapid growth of prediction markets has launched them into the mainstream as a meaningful part of the financial ecosystem. But with that growth comes many of the same market integrity and compliance challenges that more traditional financial markets have long encountered. Prediction markets have faced public scrutiny over high profile insider-trading incidents. Notably, one Polymarket user made over $500,000 by predicting that Iran’s Supreme Leader Ayatollah Ali Khamenei would be out of power shortly before a United States-Israel air strike killed him on February 28, 2026.[1] Separately, Commodity Futures Trading Commission (“CFTC”) recently opened investigations into potential insider trading on Polymarket contracts involving…
High Wire Act
September 22, 2026
High Wire Act
By: James Trusty
The federal statute known as the Wire Act (18 U.S.C. § 1084) has had a tumultuous history. For many years, the DOJ interpreted it to include restrictions on both sporting events and non-sporting contests. That changed dramatically in 2011, when the Office of Legal Counsel (“OLC”), responding to states seeking clarification before establishing state lotteries, published an analysis of the Wire Act. After a thorough…
Robert Ward on Helping iGaming Clients Outmaneuver Lawsuit-Obsessed Adversaries
September 8, 2026
Robert Ward on Helping iGaming Clients Outmaneuver Lawsuit-Obsessed Adversaries
By: Ifrah Law
Today’s iGaming companies face new litigation threats as expansive consumer protection statutes spark lawsuits with sky’s-the-limit aspirations, sometimes backed by private funders. Clients of Ifrah Law have a staunch defender in Robert Ward – an agile litigator and case tactician who responds to the changing state of play with creative legal defenses and efficient case-closing strategies. Robert draws on federal clerkship experience and appellate defense…
A Comeback Victory: Appeals Court Says Monmouth Park Owner is Entitled to Recover Damages from NCAA and Sports Leagues
September 24, 2019
A Comeback Victory: Appeals Court Says Monmouth Park Owner is Entitled to Recover Damages from NCAA and Sports Leagues
By: Ifrah Law
It has been over a year since the Supreme Court found that the Professional and Amateur Sports Protection Act (PASPA) was unconstitutional in Murphy v. NCAA, and countless states have legalized sports gambling in the time since, but the legal fallout from the Murphy case is still weaving its way from the courts. Early in the Murphy case, when the sports leagues and NCAA requested…
North Carolina on the Verge of Legal Sports Betting
July 29, 2019
North Carolina on the Verge of Legal Sports Betting
By: Ifrah Law
In April, I spoke to the North Carolina Bar Association concerning the future of sports betting in the state. At the time, a bill to legalize sports betting was making its way through the legislative process. Last week, the North Carolina legislature finally passed a bill authorizing sports wagering at the state’s two Eastern Band of Cherokee Indian casinos. The bill explicitly adds sports betting…
New Hampshire Federal Court Finds Wire Act Is Limited to Gambling on Sporting Events
June 4, 2019
New Hampshire Federal Court Finds Wire Act Is Limited to Gambling on Sporting Events
By: Ifrah Law
On June 3, 2019, Judge Paul Barbadoro of the United States District Court for the District of New Hampshire issued a 60-page opinion holding that the Wire Act is limited to sports gambling. Judge Barbadoro’s opinion resolved litigation between the New Hampshire Lottery Commission, its service provider (NeoPollard), and the Department of Justice (DOJ), over a 2018 opinion by the DOJ’s Office of Legal Counsel…
Coming to a Theater (Device) Near You: Legalized Sports Betting and Enhanced Player Data Team Up to Save Professional Sports
May 10, 2019
Coming to a Theater (Device) Near You: Legalized Sports Betting and Enhanced Player Data Team Up to Save Professional Sports
By: Nicole Kardell
Professional sports as an industry has a money problem. Game attendance across sports has been on the decline in recent years. Viewership has been on a downward trajectory as has traditional advertising. But two superheroes have appeared on the horizon to help turn things around. And if they team up, Avengers-style, they could benefit all stakeholders in the sports industry: from leagues to teams to…
DOJ High-Wire Act
April 29, 2019
DOJ High-Wire Act
By: James Trusty
Heavyweight parties are slugging it out in a lawsuit in the Granite State, and Ifrah Law is taking a lead role in protecting the interests of America’s rapidly growing online gaming industry. The New Hampshire civil case comes on the heels of the Department of Justice (DOJ) releasing an interpretation of the federal Wire Act that threatens to bring within its scope all gambling activity,…
