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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…
Let the Games Begin: Legal Online Poker Starts Up in Nevada
May 1, 2013
Let the Games Begin: Legal Online Poker Starts Up in Nevada
By: Ifrah Law
April 30 was an historic day for online poker players in the United States. Just a bit more than two years after the indictment and civil cases that were termed “Black Friday” shut down the industry, Ultimate Poker became the first live real-money online poker site in the United States after Black Friday. Nevada became the first state to legalize online poker in June 2011,…
N.J. Files Brief Supporting Sports Betting Law in Key Gambling Litigation
April 30, 2013
N.J. Files Brief Supporting Sports Betting Law in Key Gambling Litigation
By: Ifrah Law
The state of New Jersey filed its opening brief on April 29 in the U.S. Court of Appeals for the 3rd Circuit, in a case that could ultimately decide the fate of sports betting in the United States. In February, U.S. District Court Judge Michael Shipp struck down New Jersey’s new sports betting law, finding it invalid as conflicting with federal law. The federal law…
Va. Court Declines to Decide Status of Poker Under State’s Gambling Law
March 4, 2013
Va. Court Declines to Decide Status of Poker Under State’s Gambling Law
By: Ifrah Law
On February 28, 2013, the Virginia Supreme Court issued an opinion in which it declined to address the legality of playing poker in the state but left open the possibility for the issue to be decided in a future case. The full opinion in the case, Daniels v. Mobley, is available here. Charles Daniels, a former poker hall operator who operated charitable bingo halls in…
Federal Judge Strikes Down N.J. Sports Betting Statute as Conflicting With Federal Law
March 1, 2013
Federal Judge Strikes Down N.J. Sports Betting Statute as Conflicting With Federal Law
By: Ifrah Law
Last night, U.S. District Court Judge Michael Shipp released an opinion in the widely watched New Jersey sports betting case, stating that New Jersey’s sports betting law is invalid as conflicting with federal law. Now, the future of sports betting in the United States will be decided by the U.S. Court of Appeals for the Third Circuit. The Professional and Amateur Sports Betting Act of…
Facebook Takes Steps to Expand Presence in Real Money Gaming
February 11, 2013
Facebook Takes Steps to Expand Presence in Real Money Gaming
By: Ifrah Law
Facebook is quickly expanding its real money gaming platform. Net Entertainments has signed a license agreement with Bonza Gaming, which is a joint venture between gaming publisher Plumbee and online gaming operator Sportingbet. Under the agreement Net Entertainment will offer a range of casino games to Bonza Gaming, which will create an app, Bonza Slots, that will be available on Facebook to users that want…
