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Sports › Commodities Futures Trading Commission

Snell & Wilmer

Event Contracts Versus Sportsbooks: Charting the Legal Divide in U.S. Gambling Law

Snell & Wilmer on

Peer‑to‑peer sports event contracts have surged in popularity. Kalshi, a U.S.-based prediction market, reported that its sports event contracts yielded $249 million through the first two rounds of the NCAA Basketball...more

Brownstein Hyatt Farber Schreck

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

Brownstein Hyatt Farber Schreck on

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

Morgan Lewis

Want to Hedge Your Bets? CFTC Requests Public Comment on RSBIX NFL Event Contracts

Morgan Lewis on

The US Commodity Futures Trading Commission has initiated a review of three RSBIX NFL binary options sports event contracts proposed to be listed by Eris Exchange, LLC and opened a 30-day public comment period that ends on...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week in Review

Orrick, Herrington & Sutcliffe LLP on

Financial Industry Developments - CFTC Announces Measures to Enhance Protection of Customer Funds - On August 8, 2016, the U.S. Commodity Futures Trading Commission (CFTC) announced three separate enhancements...more

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