Maryland Legal Updates on Sports Betting

By a nearly 2:1 margin, Maryland voters overwhelmingly approved the expansion of sports betting ( titled “The Sports Betting Expansion Measure”) that was on the ballot for 2020. The approval has paved the way for the legalization of sports betting in Maryland at licensed facilities. Importantly, the ballot explicitly linked the new state revenues derived…

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State Regulators Vary on How They Approach Sports Betting

It’s been more than two years since the Supreme Court invalidated the Professional and Amateur Sports Protection Act (PASPA), allowing states to regulate sports betting within their borders. And while nearly 50 percent of jurisdictions across the United States have passed legislation doing exactly this, these states are limited by a federal law known as…

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NCLGS to feature Jeff Ifrah in “Expanding Gaming Landscape: New Entrants, New Challenges”

Registration Link & Webinar Description listed below: The growth of non-gaming revenue and the expansion of new forms of digital gaming, esports and sports betting creates new opportunities and challenges. New entrants – from restaurant chains to sports teams and beyond – are seeking their spot in the legal gaming firmament. This expansion raises new…

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Michelle Cohen is recognized as a 2020 Elite Boutique Trailblazer in the National Law Journal

2020 National Law Journal Elite Boutique Trailblazers In an industry traditionally underrepresented by women, Cohen leads the firm’s data privacy practice and guides major gaming clients including Sportsradar and PokerStars and emerging new companies including the online lending company Kabbage. Specializing in sweepstakes promotions, Cohen advises clients on eligibility questions, state registrations, and making sure…

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Ifrah Law client resolves claims and looks forward to brighter future!

Costa Rica-based sportsbook 5Dimes reaches $46.8 million settlement with feds 5Dimes, a popular Costa Rica-based sportsbook, has reached a $46.8 million settlement with the U.S. government following a federal money-laundering investigation, according to a settlement agreement obtained by ESPN on Wednesday. 5Dimes agreed to pay $15 million in cash, forfeit more than $30 million in…

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Does Congress Have an Insider Trading Problem?

It wasn’t until after the Great Depression was underway in the 1930s that any meaningful regulation of Wall Street shenanigans came along, and it took another eight decades for Capitol Hill to regulate its improprieties (after intense public pressure). “For many, many years there was kind of a full embracing of the idea that insider trading was…

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