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Horses, Casinos, and Prediction Markets – Old & New in Saratoga Springs
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August 22, 2025
Horses, Casinos, and Prediction Markets – Old & New in Saratoga Springs
By: Michelle Cohen
Last week, I moderated a panel on the sizzling topic of prediction markets at the annual Racing and Gaming Conference at Saratoga. This conference brings together legislators, regulators, and industry professionals from a wide range of organizations in the gaming ecosphere – from horse trainers, to representatives of game suppliers and sports betting companies. It is a conference where the “old” (horse racing) and the “new” (i-Gaming and other online operations such as skill games and sweepstakes) converge. So what’s new in the “traditional” world of horse racing? Panelists shared insights into the challenges faced at our nation’s horse tracks, including staffing the tracks in light of changes in immigration policies. One panel focused on off-track betting as a possible…
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Gambling Industry Takes on Addiction Prevention
July 28, 2025
Gambling Industry Takes on Addiction Prevention
By: Jordan Briggs
Last week, the National Council on Problem Gambling hosted advocates, regulators, counselors, and other industry participants in Columbus, Ohio for the National Conference on Gambling Addiction & Responsible Gambling 2025. With such a broad range of attendees, the conference offered many unique sessions geared towards different industry groups, including wellness sessions and recovery meetings alongside the overviews of ongoing, broad research and the operator-specific talks…
FAIR Treatment of Lost Bets
July 25, 2025
FAIR Treatment of Lost Bets
By: Avner Kronisch
Introduction On July 7, 2025, Representatives Dina Titus (D-NV) and Ro Khanna (D-CA) introduced H.R. 4304, the Fair Accounting for Income Realized from Betting Earnings Taxation Act, commonly known as the FAIR Bet Act.[1] Two days later, Senators Catherine Cortez Masto (D-NV), Jacky Rosen (D-NV), and Ted Cruz (R-TX) introduced the Senate companion bill, S. 2230, titled Facilitating Useful Loss Limitations to Help Our Unique…
A Positive Result of Legalized Sports Betting is Solution for Betting Corruption and Match Fixing
March 26, 2024
A Positive Result of Legalized Sports Betting is Solution for Betting Corruption and Match Fixing
By: Sara Dalsheim
This month, Sportradar released its “Betting Corruption and Match-Fixing Report” (the “Report”) from the company’s Integrity Services Division[1] The Report covered approximately 850,000 sporting events and matches across 70 sports. Sportradar identified a total of 1,329 suspicious matches in 2023, in 11 sports in 105 countries. This represented a marginal increase over the 1,212 suspicious matches Sportradar detected in 2022. 99.5% of sporting events displayed…
Ifrah Law Interviews David Purdum on Sports Integrity
March 22, 2024
Ifrah Law Interviews David Purdum on Sports Integrity
By: Jake Gray
The stakes have never been higher for sports leagues and athletes to maintain the integrity of their contests. The mere possibility of thrown games, points shaven, or dishonest referee calls turns many bettors into pseudo-detectives, scrutinizing outcomes on behalf of their lost wagers. We interviewed David Purdum, an investigative journalist who writes on the sports betting industry for ESPN, for his thoughts on sports integrity…
Are Lottery Courier Services the Next Big Thing?
March 19, 2024
Are Lottery Courier Services the Next Big Thing?
By: Steven Eichorn
On February 15, 2024, DraftKings announced that it would acquire lottery app Jackpocket (which is a lottery courier services provider- i.e. it enables customers to obtain lottery tickets such as PowerBall and MegaMillions directly from their mobile app) for about $750 million in cash and stock. The company said it would pay about 55% of the consideration in cash and the remainder in common stock….
Investment Giant Clears State Regs, Gains Major iGaming Equity Stake
March 4, 2024
Investment Giant Clears State Regs, Gains Major iGaming Equity Stake
By: Jeff Ifrah
The world’s largest alternative asset manager was poised to make a major move in the iGaming space by investing in a leading geolocation company. The financial pathway for the envisioned investment was clear, but a transaction would require multiple state-level approvals. Ifrah Law drew on its deep experience in gaming law and working with regulators nationwide to lower the client’s approval burden and keep the…
When Gamers Become Plaintiffs – Arbitration Clauses for the Win
February 23, 2024
When Gamers Become Plaintiffs – Arbitration Clauses for the Win
By: Michelle Cohen
Online businesses, including gaming companies, frequently include arbitration clauses in their “terms and conditions” or other policies when consumers register for their services. These clauses notify users that disputes will be subject to private arbitration by an appointed neutral arbitrator, usually the American Arbitration Association or JAMS. Businesses favor arbitration for several reasons, including reduced costs of litigation, expediency, confidentiality, and requiring that matters be…