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
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
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
What are the outcomes of the 2024 U.S. state elections – and what does it mean for companies growing and operating across the country? Our update examines the available outcomes and trends from critical state Attorneys...more
We were honored to host a conversation about the future of AI policy last week in Orrick’s San Francisco office -- and would like to share five takeaways with our clients and friends. The conversation featured:
Tom Kemp,...more
This week, we hosted a conversation about the future of AI regulation across the 50 states following California Governor Gavin Newsom’s veto of the controversial AI safety bill, SB 1047. Key takeaways are below....more
With 725+ AI bills proposed at the state level in 2024, where should companies focus their legislative advocacy efforts? Which states are most likely to act and influence the shape of regulation? Who are the legislative...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
TAKEAWAY: California Gov. Gavin Newsom has vetoed SB 1047 – the controversial AI regulation bill that both chambers of the California legislature passed by wide margins. The veto is a good outcome for the nascent AI industry....more
On May 21, 2024, the California Senate passed the Safe and Secure Innovation for Frontier Artificial Intelligence Models Act (SB-1047), and referred the bill to the State Assembly. Though the bill has already been amended in...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
In a private letter ruling, the Texas Comptroller of Public Accounts determined that a pre-litigation medical records retrieval services provider must pay sales tax on “copy fees” – a broad term incorporating client charges...more
The late breaking “red wave” – forecasted by pollsters and pundits alike and detailed in our last release – did not materialize, especially at the state level where nearly all of the key legislative chambers and gubernatorial...more
Key Takeaways: Midterm general elections will be held November 8, 2022. At the state level, there are 36 gubernatorial races and 88 legislative chambers in 46 states holding elections in 2022....more
In our latest episode, Public Policy Practice Group Leader Jeremy Kudon and Justin Cooper, Finance Sector Leader and a member of our Public Finance practice, spoke with California Senate Majority Leader Bob Hertzberg about...more
Democrats saw big gains across the board on election night 2017 and exit polls showed voters intended the results to be a clear rebuke of the Trump administration....more
The OCC’s announcement to move forward considering fintech charter applications has potentially significant industry, policy and practical implications. This presentation explores industry reaction to the OCC’s decision,...more
5/12/2017
/ Banking Sector ,
BSA/AML ,
Capital Requirements ,
Corporate Governance ,
FinTech ,
Fintech Charter ,
Liquidity Coverage Ratio ,
National Bank Charters ,
OCC ,
Public Policy ,
Regulatory Oversight
With the 2016 Presidential Election dominating political news for more than a year, it was easy to miss the important races at the state level—races that often have a far more direct impact on our clients' businesses and...more