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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… Read More

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Ten Years Of The Gaming Intelligence Hot 50: Where Are They Now?

There will always be work for lawyers in this industry. One of the very best is Jeff Ifrah of Ifrah Law, the very first American to feature in the Hot 50. His handling of Full Tilt’s legal affairs after Black Friday won him a place in the Hot 50 and he has gone on to represent PokerStars,… Read More

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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… Read More

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Quoted in Publication

Coinbase Hire Signals Hot Market for Digital Currency Lawyers

That’s exactly what Jeff Ifrah, the founder of Ifrah Law PLLC who specializes in cryptocurrency and blockchain, wants to see. “In order to succeed, they need to bring on talent like former federal judges. They can’t afford the continued reputation of operating in the shadows like some sort of gray market,” Ifrah said. Despite digital… Read More

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Apple Faces Lawsuit Over Loot Boxes

In February, the Eastern District Court of North Carolina dismissed a lawsuit alleging that Epic Games misled consumers about the loot boxes in its online shooter game Fortnite. “Courts have already ruled in related cases that virtual loot is not the functional equivalent of real money and this cannot be the basis for satisfying consideration… Read More

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Publicly Traded Companies Are Snapshot Into Gaming’s Future

Yet, despite that advantage, online gambling operators with big plans require the kind of help the public markets can provide, namely lots of cash. “For most business-to-consumer online gambling companies, the major costs of mobile marketing, customer acquisition and dealing with legislative and regulatory issues on a state-by-state basis are daunting. It’s actually made for… Read More

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Two Years After Supreme Court Ruling, Optimism Abounds For U.S. Sports Betting

The expansion of not only sports betting but internet gambling is expected to surge as legislatures reconvene after states reopen and lawmakers desperately search for new sources of revenue. “My biggest concern going forward, particularly in these very tough fiscal times, is that legislatures are going to be tempted to kill the golden goose through… Read More

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Jim Trusty: Michael Flynn prosecution offers these important lessons on FBI, fairness and the rule of law

Whatever your thoughts are about Lt. Gen. Michael Flynn, the slow unraveling of his case holds some deeper lessons than simply “he never should have been charged.” Notes belatedly turned over to Flynn’s aggressive attorney include some telling nuggets of how Jim Comey’s FBI conducted itself. “What is our goal,” the notes read, “Truth/Admission or to get him to… Read More