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Major League Development: CFTC and MLB Agree to Monitor the Integrity of Prediction Markets
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March 19, 2026
Major League Development: CFTC and MLB Agree to Monitor the Integrity of Prediction Markets
By: John Mikuta
In a watershed moment for the prediction market industry, the Commodity Futures Trading Commission (“CFTC”) signed a Memorandum of Understanding (“MOU”) with Major League Baseball (“MLB”) today. According to the CFTC’s press release, the groundbreaking agreement “establishes a framework for the CFTC and MLB to discuss, cooperate, and exchange information concerning issues of common interest including protecting the integrity of professional baseball and the relating prediction markets.” [1] The MOU “provides a mechanism for the CFTC and MLB to exchange information,” which will “enable both parties to more swiftly respond to incidents and better anticipate emerging trends.” The MOU provides that the parties “endeavor to meet as needed, but at least monthly, to identify and discuss issues that may impact…
Jim Trusty on Smart Legal Moves for Clients Under Pressure
March 18, 2026
Jim Trusty on Smart Legal Moves for Clients Under Pressure
By: Ifrah Law
A veteran federal prosecutor and formidable white-collar litigator, Jim Trusty clears a lane for clients facing a gauntlet of criminal charges, civil actions, investigations, and regulatory proceedings. From professional athletes facing sports wagering accusations or indictments, to gaming companies and executives involved in regulatory or white-collar matters, clients rely on Jim’s legal strategy, political savvy, and prosecutorial insights when the stakes are highest. Protecting iGaming…
Gambling on Skill: Enforcement of Gambling Laws Against Skill Games in Outlier States
March 10, 2026
Gambling on Skill: Enforcement of Gambling Laws Against Skill Games in Outlier States
By: Jordan Briggs
In many states, people can legally pay entry fees to participate in a skill game and win cash prizes. For most states that allow participants to wager on their own skilled gameplay, the analysis for whether a certain game qualifies as a legal skill game turns on whether the game is one of chance or of skill. Each state has its own test to determine…
Kentucky Becomes Latest State to Move Toward Online Lottery Ticket Sales
July 31, 2014
Kentucky Becomes Latest State to Move Toward Online Lottery Ticket Sales
By: Ifrah Law
Earlier this month, the Kentucky Lottery Corporation (“KLC”) presented state lawmakers with a timeline for the launching of an online lottery ticket sales platform by the middle of 2015. The KLC’s plan is to launch multi-state drawing games such as Powerball first and then launch other lottery products in the following months. Online lottery ticket sales represent an untapped market for state lotteries that…
Atlantic City Needed to Go Online Years Ago
July 23, 2014
Atlantic City Needed to Go Online Years Ago
By: Jeff Ifrah
Photo Credit: Meinzahn Three more casinos are set to close in Atlantic City. Unions, politicians and lobbyists are pointing fingers. One thing is for certain, newly introduced online gaming legislation is not to blame. If experts had been paying attention to the trends, they would have introduced regulated online gaming into New Jersey years ago. New Jersey voters approved a measure to legalize casinos in…
Lesniak’s Bill is New Jersey’s Latest Play to Bring Sports Betting to the State
July 15, 2014
Lesniak’s Bill is New Jersey’s Latest Play to Bring Sports Betting to the State
By: Ifrah Law
Sometimes you should be careful what you ask for. And sometimes even when you get what you ask for, it turns out not to be what you wanted. The U.S. Supreme Court recently denied a petition for certiorari by the State of New Jersey in the case challenging its sports wagering law as a violation of the Professional and Amateur Sports Protection Act of 1992 (“PASPA”), the federal law that prohibits state-sponsored sports…
Florida’s Sweepstakes Law Takes Aim at Dubious Sweepstakes Run by Non-Profits – Legislative Fix Has Broad, Unintended Consequences
July 1, 2014
Florida’s Sweepstakes Law Takes Aim at Dubious Sweepstakes Run by Non-Profits – Legislative Fix Has Broad, Unintended Consequences
By: Michelle Cohen
Florida continues to lead the fight against illegal gambling in Internet cafes. In 2013, state and federal agents arrested dozens of individuals associated with Internet sweepstakes cafes operated by the “Allied Veterans of the World & Affiliates,” a purported charitable group. These Internet cafes operated under a potential legal loophole. Patrons were supposedly buying Internet time during which, proponents claimed, they were also playing…
Supreme Court Denies Cert. in New Jersey Sports Betting Case
July 1, 2014
Supreme Court Denies Cert. in New Jersey Sports Betting Case
By: Ifrah Law
On June 23, the United States Supreme Court denied New Jersey’s petition for a writ of certiorari to hear an appeal from lower court decisions that invalidated its sports wagering law. This ends a three year fight to bring sports betting to New Jersey’s casinos and racetracks, but NJ State Senator Raymond Lesniak, who has spearheaded efforts to bring sports betting to the state has vowed…
