Gambling, Regulatory Requirements, Gaming

Federal and State Gambling Laws Loom Large in Determining the Future of Sports Prediction Markets

Brownstein Hyatt Farber Schreck on 3/11/2025

As some companies in the so-called “predictions market” have begun to offer event futures contracts on sporting events, including the most recent Super Bowl, many observers are questioning whether these offerings are really...more

Operating Social Casino-Style Applications Continues to be Costly in Washington State

Sheppard Mullin Richter & Hampton LLP on 2/13/2025

In the latest string of gambling cases involving social casino-style apps out of Washington state, a federal jury has awarded a class of players nearly $25 million for injuries arising from the use of two of High 5 Game’s...more

Brazil Passes ‘Legal Framework for Games’ Legislation

Mayer Brown on 5/30/2024

In early May, Brazil’s Law No. 14,852/2024 (the “Legal Framework for Games” or the “Framework”) was published. Originating as Bill No. 2796/2021, the legislation provides the necessary legal framework for the burgeoning...more

Mapping Future Enforcement in US Gaming Law Based on Recent UK Enforcement

Perkins Coie on 7/12/2023

Regulated gaming is booming in the United States. This is particularly true of newer forms of gambling, such as skill games, fantasy sports, and social casino games played on the internet and mobile applications. In fact,...more

AMA Updates AML Best Practices for AML Compliance

Ballard Spahr LLP on 12/31/2019

AMA Details Components of a Strong AML/BSA Program - Earlier this month, the American Gaming Association (“AGA”) released an updated Best Practices for Anti-Money Laundering (“AML”) Compliance (“Best Practices Guidance”)...more

Did you know that Casinos are Financial Institutions?

Foodman CPAs & Advisors on 6/8/2018

Since 1985, Casinos that have Gross Annual Gaming Revenues in excess of $1,000,000 are considered to be Financial Institutions and are subject to the requirements of the Bank Secrecy Act (BSA). ...more