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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…
The United Kingdom Institutes a Voluntary Code of Good Practice for Operators of Prize Draws
November 26, 2025
The United Kingdom Institutes a Voluntary Code of Good Practice for Operators of Prize Draws
By: John Mikuta
The United Kingdom has published a Voluntary Code of Good Practice for operators of prize draws and competitions (“PDCs”).[1] The Code contains a wide range of key measures that operators are expected to implement to improve player safety and transparency. Because the Code is voluntary, operators are not legally bound to abide by it. However, dozens of operators and other relevant entities in the United…
Following in Florida’s Footsteps: Hub-and-Spoke Sports Betting Could Be Coming to Wisconsin.
October 28, 2025
Following in Florida’s Footsteps: Hub-and-Spoke Sports Betting Could Be Coming to Wisconsin.
By: John Mikuta
Statewide online sports betting may soon be coming to Wisconsin. Last week, a bipartisan group of Wisconsin legislators introduced a bill, LRB-4723/1, which would legalize online sports betting in the state.[1] If the bill is enacted into law, Wisconsin would become the 32nd state to allow online sports betting statewide. Wisconsin has not yet enacted any statewide sports betting legislation. In fact, Wisconsin’s Constitution generally…
As Predicted, Prediction Markets Dominate G2E Discussions
October 13, 2025
As Predicted, Prediction Markets Dominate G2E Discussions
By: Sara Dalsheim
Every year at the biggest gaming conference in the world, G2E, there is one topic on everyone’s lips. In past years, these topics have been legalized online sports wagering, daily fantasy sports, legalized iGaming, expansions of legalized online gaming, social gaming, and sweepstakes casinos. This year it was no different; the topic being – prediction markets. With the growing popularity of exchanges such as Kalshi…
Practice, Study Hall and Sports Betting? NCAA Set to Allow College Athletes to Bet on Professional Sports
October 10, 2025
Practice, Study Hall and Sports Betting? NCAA Set to Allow College Athletes to Bet on Professional Sports
By: Michelle Cohen
First came the name, image, and likeness deals, and now…sports betting. Following a trend of eliminating certain restrictions on collegiate student-athletes, the NCAA’s Division I Administrative Committee just approved a proposal that removes the ban on student-athletes and athletic department staff engaging in sports betting on professional sports. Division II and Division III officials must also adopt the proposal before it can become effective. Assuming…
R-E-S-P-O-N-S-I-B-I-L-I-T-Y! Find out what it means in New Jersey
September 22, 2025
R-E-S-P-O-N-S-I-B-I-L-I-T-Y! Find out what it means in New Jersey
By: Sara Dalsheim
Last week New Jersey published and proposed new Internet and Mobile Gaming Responsible Gaming regulations (57 New Jersey Register 2230(a)). The proposed regulations create new standards and definitions relating to responsible gaming. The regulations are available for public comment until November 14, 2025. During the iDEA Growth panel discussion on “Proactive Player Protection: Making Responsible Gaming the New Normal” on September 16th New Jersey Department…
