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CFTC Sends Message to Prediction Markets: You Are Not a Sportsbook
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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 advertising, listing, or transacting event contracts. The notice highlights the CFTC’s growing concerns about the promotion of event contracts using the “American odds” format associated with sports betting and casino operators rather than nominal or percentage terms that reflect market pricing. The notice stresses that this practice could create confusion about the nature of the…
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…
Betting on Technology: Bipartisan Proposal for Requiring Facial Recognition to Keep Minors from Wagering Online
July 29, 2026
Betting on Technology: Bipartisan Proposal for Requiring Facial Recognition to Keep Minors from Wagering Online
By: Lauren Scribner
“As every parent knows, when you tell a kid not to do something, they almost always end up trying to do it,” said Congresswoman Kristen MacDonald Rivet (MI-8) about the recently introduced bipartisan “Facial Recognition to Protect Children Act” (“proposed Act”).[1] She continued, “[k]ids under the age of 18 shouldn’t be making bets, but now it’s just a few taps away on their phones. Our…
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…
Phoenix Project: Atlantic City Can Rise From The Ashes
April 8, 2015
Phoenix Project: Atlantic City Can Rise From The Ashes
By: Ifrah Law
Most of the news from the Atlantic City Boardwalk over the last couple of years has not been promising. Several of the massive casino resort properties there have closed and/or slipped into bankruptcy, and the resale or reopening of the properties has been stalled by legal and financial hurdles. But a new plan for development of the Boardwalk hopes to take the area in a…
Recap of RAWA House Subcommittee Hearing and What It Means for iGaming
March 30, 2015
Recap of RAWA House Subcommittee Hearing and What It Means for iGaming
By: Ifrah Law
The House Subcommittee on Crime, Terrorism, Homeland Security, and Investigations held a hearing last week to consider bill HR 707, the “Restoration of America’s Wire Act,” or RAWA. The proposed bill would prohibit most types of online gambling, whether or not they have been legalized and regulated by any state. The bill was drafted in response to 2011 Department of Justice opinion letter stating that…
