News & Analysis as of

Sports Betting Compliance

Jackson Lewis P.C.

NCAA Considers Major Policy Shift on Gambling Restrictions

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The NCAA Division I Council has proposed a rule change to permit student-athletes and institutional staff to place bets on professional sports. If adopted, this change would mark a significant shift from the NCAA’s...more

Klein Moynihan Turco LLP

NY Fantasy Sports Operator Accused of Running Illegal Betting Platform

Last week, a putative class action Complaint was filed against a major fantasy sports company in the United States District Court for the Eastern District of New York. In Ballentine v. Underdog Sports, LLC, Plaintiffs allege...more

Holland & Knight LLP

Election Contracts and Sports Event Contracts: The Future of Regulated Event-Based Trading

Holland & Knight LLP on

The emergence of event-based trading platforms such as KalshiEX LLC and Crypto.com/Nadex has sparked a heated regulatory and policy debate over the boundaries of financial derivatives, speculation and gambling. Both platforms...more

Offit Kurman

Sports Betting in the Workplace: Ensuring the Super Bowl and March Madness Don't Cause Legal Madness and Super Problems

Offit Kurman on

It’s the season for sports betting excitement, with the Super Bowl upon us and March Madness just around the corner. Your employees are likely buzzing with talk of squares, brackets, and maybe even some secret side bets....more

Cozen O'Connor

Sports Betting Companies Pay $6.5 Million for Allegedly Conspiring to Violate D.C. Laws

Cozen O'Connor on

District of Columbia AG Brian Schwalb has settled with Intralot, Inc. and Veterans Services Corporation (VSC) to resolve an investigation into allegations that the companies deceived city officials in violation of the...more

Klein Moynihan Turco LLP

A Fantasy Sports Opinion Letter is a Necessity

Klein Moynihan Turco LLP on

The fantasy sports market was valued at $30.5 billion in 2023. Every year, the industry inches closer to nationwide legalization and regulation. In addition to state law amendments, federal laws and state common law...more

BakerHostetler

Promotions Trends to Look for in 2025

BakerHostetler on

As a whirlwind 2024 draws to a close, we here at BakerHostetler are reflecting on the promotions trends we’ve seen this year and what we predict you will see more of in 2025. Below, we pinpoint those trends and share some...more

Thomas Fox - Compliance Evangelist

The NBA, Data Driven Compliance and Jontay Porter

One of the best examples I have recently seen on the power of data driven compliance is playing out in real time in the NBA. It is the Jontay Porter betting scandal. This event had driven home why transparency, coupled with...more

Holland & Knight LLP

Florida Gaming Control Commission Turns a Critical Eye Toward Fantasy Sports Operators

Holland & Knight LLP on

The Florida Gaming Control Commission (FGCC) has taken a significant step by issuing cease-and-desist letters to three online fantasy sports operators. Though this marks the FGCC's first action against the online fantasy...more

WilmerHale

Data Privacy Meets Sports Betting in the Bay State

WilmerHale on

The Massachusetts Gaming Commission recently approved regulations to ensure data privacy and security for sports betters in the Commonwealth. On August 8, 2023, the commissioners approved 205 CMR 257, Sports Wagering Data...more

The Volkov Law Group

Flutter Entertainment Settles SEC FCPA Case for $4 Million for Improper Payments to Russian Consultants

The Volkov Law Group on

Flutter Entertainment, the previous owner of PokerStars, agreed to pay the Securities and Exchange Commission $4 million for improper payments to Russian-based consultants, stemming from conduct committed by The Stars Group,...more

Saul Ewing LLP

Peer-To-Peer Sports Betting Exchanges With Joe Caputi, Director of Compliance, Prophet Exchange

Saul Ewing LLP on

In this episode of “Lawyers With Game,” host Darius Gambino and Zach Kizitaff from Saul Ewing’s Video Gaming and Esports Practice sit down with Joe Caputi, Director of Compliance at Prophet Exchange to talk about their new...more

Society of Corporate Compliance and Ethics...

[Virtual Event] Sports, Compliance, and Ethics Conference - January 19th, 8:55 am - 4:45 pm CST

New for 2023! Explore the world of sports, compliance, and ethics - From NCAA rules to playoff brackets and betting, compliance oversight in sports and gaming is high-profile and often cutting edge. The Sports,...more

White and Williams LLP

One of Three Lawsuits Challenging Florida’s Online Sports Betting Compact Dismissed

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As the Seminole Tribe’s anticipated November 15 online betting “launch” approaches, there has been a flurry of activity in the three lawsuits challenging the online sports betting provisions in the 2021 Seminole Tribal-State...more

White and Williams LLP

Sports Betting Vendor and Supplier Licensing: A Primer for Industry Newcomers

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The explosive growth of sports betting in the United States has opened the door to a variety of new business opportunities for firms in the technology, hospitality, marketing, and financial services industries. It is...more

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