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Trust the Future You Trade: Lessons About Prediction Market Surveillance from the DACOM Summit
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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…
Update on 1/14/19 OLC Wire Act Opinion – All Eyes on New Hampshire
April 9, 2019
Update on 1/14/19 OLC Wire Act Opinion – All Eyes on New Hampshire
By: Jeff Ifrah
(This post was originally published on 1/15/2019 and updated on 4/8/2019) On Jan. 14, 2019, the Department of Justice’s Office of Legal Counsel issued an opinion reversing its 2011 position on the Wire Act and sports betting, contradicting not just itself but decisions by at least two District Courts and dicta by the U.S. Supreme Court by maintaining that the Wire Act prohibits all interstate…
How to Ensure Your Media Affiliate Follows Pennsylvania Gaming Law
March 28, 2019
How to Ensure Your Media Affiliate Follows Pennsylvania Gaming Law
By: Steven Eichorn
As discussed in an earlier blog post, New Jersey’s licensing requirements for affiliate marketers impose significantly different structures depending on the revenue model. If the affiliate marketer only plans to work with casinos in a flat fee model (e.g. CPA or other form of pre-determined compensation), then they must register as a vendor. The vendor registration process is quite straightforward, but it does limit the…
An Epic Fail: Complaint Against Fortnite Creator Based On Facts As Stale As Fruitcake
March 5, 2019
An Epic Fail: Complaint Against Fortnite Creator Based On Facts As Stale As Fruitcake
By: Nicole Kardell
Parents can get angry when their kids spend too much time or money on video games. We get it. But going after a gaming company in retaliation is probably not the best response. And doing so without actually understanding the game can result in, well, a giant waste of time, or, in a recent example, an epic fail. Last week, an angry parent filed a…
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…
