Kalshi's sports betting prediction market, in partnership with Robinhood, has seen significant success, reporting $249 million in contracts during the first two rounds of the NCAA College Basketball Tournament. Kalshi's...more
RegFi Co-Hosts Jerry Buckley and Sasha Leonhardt welcome Orrick partner Behnam Dayanim to explore the applications of blockchain in financial services, including cryptocurrencies, stablecoins and decentralized finance. The...more
The Missouri Gaming Commission's plan to implement emergency rules for sports wagering has been delayed due to a dispute with the Missouri Secretary of State, Denny Hoskins. Hoskins rejected the emergency rules, stating there...more
3/5/2025
/ Advertising ,
CFTC ,
Gambling ,
Licensing Rules ,
Online Gaming ,
Popular ,
Proposed Rules ,
Regulatory Agenda ,
Rulemaking Process ,
Sports Betting ,
State and Local Government
Acting Chair Named for CFTC Opens Door to Event Contracts While Departing Chair Cautions Against Expansion Commissioner Caroline D. Pham has been named as Acting Chair of The Commodity Futures Trading Commission, effective...more
On Friday, January 10, the Consumer Financial Protection Bureau (CFPB) proposed an interpretive rule that could significantly broaden the scope of the Electronic Fund Transfer Act (EFTA) to encompass a wide range of digital...more
Recent Developments Senate Judiciary Committee Holds Hearing on Sports-Betting While Industry Watches from the Sidelines Tennessee Looking to Require Disclosures for Use of Influencers and Brand Ambassadors Robinhood, Off...more
Recent Developments CFTC Steps Up its Watch on Election Betting MA Online Lottery Implementation Delayed Tennessee Issues Fine, C&D to Bovada Judge Rejects Attempt to classify Musk $1 million giveaway as an Illegal Lottery...more
As a result of last year’s regulatory implementation, there has been a burgeoning M&A market in Brazil, which is poised to surpass the US due to its more streamlined nationwide regulations. Experts predict that Brazil's...more
Recent Developments: Michigan Targets Bovada, Illegal Online Gambling New York Passes Bill on Downstate Casino Licensing Swedish Study Asserts Link Between Tax Rate and Problem Gambling Michigan Targets Bovada, Illegal Online...more
The Commodity Futures Trading Commission (CFTC) recently voted to issue a new rule proposal which would serve to ban event contracts on political elections, as well as sporting events, awards, and more. The CFTC has...more
Proposed Changes to Sports Betting in ConnecticutUnderdog and PrizePicks Return to FloridaFormer Iowa Collegiate Athletes File Lawsuit Against StateUpdate on Proposed College Prop Bet BansPennsylvania Bill Seeks to Prohibit...more
Massachusetts regulators have finalized a set of rules covering sports betting operators’ data-privacy obligations. The Massachusetts Gaming Commission (MGC) agreed to several clarifications to its regulations, which were...more
Dean Serpa, the former deputy chief of staff for operations and administration to Governor Charlie Baker, was selected to serve as the next executive director of the Massachusetts Gaming Commission. Serpa will take over an...more
Welcome to Orrick’s new Gaming & Gambling Update! We aim to share a sampling of the latest legislative, regulatory and legal developments in the gaming and gambling market. Of course, if you have questions or would like...more