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Ohtani-Mizuhara Scandal: A Case for Regulated Sports Betting, Not Against It

Ohtani-Mizuhara Scandal: A Case for Regulated Sports Betting, Not Against It

April 11, 2024

Ohtani-Mizuhara Scandal: A Case for Regulated Sports Betting, Not Against It

By: Jake Gray

Shohei Ohtani finds himself at the center of a sports betting scandal and regulated sports betting naysayers have taken the opportunity to toot their own horns. The opening line of this LA Times article, by Pulitzer Prize-winning journalist Michael Hiltzik, states: “Question for Major League Baseball: How do you like your sports betting partnerships now?” His implication is that the MLB’s embrace of sports betting has blown up in its face, as their biggest two-way superstar since Babe Ruth faces a gambling-related investigation at the same time. Hiltzik calls it a “truly toothsome irony.” The rhetorical deception here is frustrating—all for a swipe at the MLB, and other leagues by implication, in order to stoke the fires of alarmism over…

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Pennsylvania’s Aggressive and Conflicting Approach to Skill Gaming and Versus the House Fantasy Sports Operators

April 5, 2024

Pennsylvania’s Aggressive and Conflicting Approach to Skill Gaming and Versus the House Fantasy Sports Operators

By: Steven Eichorn

The early part of 2024 has proven to be unexpectedly eventful in Pennsylvania in regards to sports betting, fantasy contests, and skill games. There is always an interesting dynamic- and sometimes tension- in regards to the different regulatory regimes and which one applies to a specific platform. For example, who takes ownership over a game that offers NFL themed lottery tickets? What regulation applies to…

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Say it Ain’t So, Oh!

April 3, 2024

Say it Ain’t So, Oh!

By: James Trusty

The Shohei Ohtani betting scandal has receded from view for the moment, but its brief surfacing last week provided fundamental guidance on how not to manage a crisis faced by a professional athlete, while also giving rise to some serious issues for Major League Baseball (“MLB”) to address in the near future. Lawyers and publicists in the niche world of crisis management unofficially swear a…

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European Union Agrees On Cryptocurrency Regulation, Excludes NFTs (For Now)

July 28, 2022

European Union Agrees On Cryptocurrency Regulation, Excludes NFTs (For Now)

By: Jacob Grubman

European Union policymakers have taken the next step toward enacting a scheme for regulating cryptocurrency and other blockchain-based assets, as the Council of the European Union and the European Parliament provisionally agreed to approve new rules governing Markets in Crypto-Assets (“MiCA”).  The new rules would address a range of risks related to cryptocurrencies and related assets—with notable exceptions in decentralized finance (“DeFi”) and non-fungible tokens…

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Ifrah Law At NFT.NYC: Insights and Discussions on NFT Gaming

July 19, 2022

Ifrah Law At NFT.NYC: Insights and Discussions on NFT Gaming

By: Jake Gray

In the third year following its inaugural event in 2019, NFT.NYC held its NFT.NYC conference from June 20th to June 23rd, 2022. And Ifrah Law was in attendance, alongside more than 15,000 other attendees in addition to the conference’s 1,500 speakers.  Featuring educational programming and informational panels about various NFT-related topics across seven different venues surrounding Times Square, NFT.NYC hosted one and a half days…

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Is My Crypto Safe if My Exchange Declares Bankruptcy?

July 14, 2022

Is My Crypto Safe if My Exchange Declares Bankruptcy?

By: George Calhoun

Celsius Network LLC, one of the largest cryptocurrency lenders in the industry, filed for bankruptcy protection on Wednesday, July 13th. The filing comes just a month after the company halted customer withdrawals, swaps, and transfers “to stabilize liquidity” on account of extreme market conditions caused by a dive in cryptocurrency prices. As such, many crypto-investors find themselves concerned about the safety of their digital assets…

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Responsible Financial Innovation Act Proposal To Bolster CFTC Authority Over Crypto-Industry

July 8, 2022

Responsible Financial Innovation Act Proposal To Bolster CFTC Authority Over Crypto-Industry

By: Jake Gray

Bipartisan legislation introduced in the Senate last month would mark the federal government’s first foray into cryptocurrency regulation, and it could be a welcome development as the industry navigates a period of regulatory and commercial uncertainty. On June 7, 2022, Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) introduced the Responsible Financial Innovation Act (“RFIA”) in the Senate, which aims to establish a comprehensive regulatory…

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Legality of an All-Encompassing U.S. Sports Betting Advertising Strategy

June 21, 2022

Legality of an All-Encompassing U.S. Sports Betting Advertising Strategy

By: Sara Dalsheim

As the legality of online sports wagering grows, so too does the level of advertising for such activities across the United States.  The biggest commodity for sports wagering operators is their market share, gained through growing a loyal customer base of wagers who continue to place wagers on their platform.  In order to increase their customer base, sports wagering operators are turning to advertisements of…

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Articles and Presentations by Our Firm Attorneys

Ohtani-Mizuhara Scandal: A Case for Regulated Sports Betting, Not Against It

Ohtani-Mizuhara Scandal: A Case for Regulated Sports Betting, Not Against It
By: Jake Gray

Pennsylvania’s Aggressive and Conflicting Approach to Skill Gaming and Versus the House Fantasy Sports Operators

Pennsylvania’s Aggressive and Conflicting Approach to Skill Gaming and Versus the House Fantasy Sports Operators
By: Steven Eichorn

Say it Ain’t So, Oh!

Say it Ain’t So, Oh!
By: James Trusty

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