Insights < BACK TO ALL INSIGHTS
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…
Another Bill to Expand the Wire Act: Bad Law Clothed in a Lie
June 25, 2015
Another Bill to Expand the Wire Act: Bad Law Clothed in a Lie
By: Ifrah Law
It is ironic that recent proposed legislation that would expand the scope of the federal Wire Act comes from a U.S. senator in the South, where “states’ rights” has always been a rallying cry. This past week’s focus on the presence of the Confederate battle flag on the grounds of the South Carolina capitol (and elsewhere) brought back to the fore the specter of “states’…
Minnesota Phases Out State Lottery-Operated Online Games
May 21, 2015
Minnesota Phases Out State Lottery-Operated Online Games
By: Michelle Cohen
Minnesota’s legislature recently passed a bill that bars the Minnesota Lottery from offering online games, following a four month transition period. Specifically, the new law bans the lottery director from offering “the play of, on an electronic terminal, through a Web site, or by any other means or device, casino-style games, including but not limited to blackjack, craps, keno, dice games, roulette, or poker.” The…
The “Fight of the Century” in its 13th Round
May 8, 2015
The “Fight of the Century” in its 13th Round
By: Nicole Kardell
It’s not uncommon to see sports fans get emotional at a game, match, race, or fight. They feel invested in their team, invested in their athlete. For the sports bettors out there, that investment may be literal, but for most it’s largely emotional. So at the hour of defeat do disappointed fans have a legal right to a return on their investment if the contest…
Wisconsin Indian Tribe Prevails – State Cannot Ban Electronic Poker on Reservation
May 6, 2015
Wisconsin Indian Tribe Prevails – State Cannot Ban Electronic Poker on Reservation
By: Ifrah Law
The U.S. Court of Appeals for the Seventh Circuit has overturned a federal district court ruling that had permitted the State of Wisconsin to prohibit the Ho Chunk tribe from offering electronic poker on its reservation although such games are not explicitly and uniformly prohibited in that state. This ruling may have implications for the ability of tribes to offer online poker – an issue…
Many Firsts Surrounding This Year’s GiGse Conference
April 23, 2015
Many Firsts Surrounding This Year’s GiGse Conference
By: Ifrah Law
The 2015 Global iGaming Summit & Expo (GiGse) took place last week in San Francisco, and coincided with many exciting industry firsts. GiGse is the largest and most established event in North America which annually attracts over 700 iGaming and related industry professionals from all over the world. On April 20th, eGaming Review (EGR) North America, named Ifrah Law “Best Legal and Compliance Partner” in the U.S. at their inaugural…
