5 Key Takeaways | The Maze of Laws, Rules, and Regulations at the Intersection of Gambling, Gaming, Sports Betting, and Fantasy Sports
Fantasy Football: The Legal Reality
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
A New Jersey father lost nearly $1 million he stole from his wife and two kids due to a gambling addiction, which his family claims was deliberately encouraged by the online sportsbook, DraftKings. ...more
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
All eyes in the gaming industry are on Missouri to see if it will become the 39th state to legalize sports wagering. On Nov. 5, Missourians will vote on six amendments, one of which brings legalizing and regulating sports...more
As of today, July 15, 2024, Google gaming regulations contain significant revisions. The Google Ads policy for daily fantasy sports (“DFS”) operators now enable them to run advertisements in many markets across the United...more
Google has set the stage for a transformative change slated for July 15, 2024, providing a roadmap to extend Google Ads to daily fantasy sports (“DFS”) operators and lottery courier services across numerous U.S. states. A...more
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
On May 23, 2024, the New York Court of Appeals reversed the dismissal of breach of fiduciary duty claims brought by former shareholders of a fantasy sports company (the “Company”) against its directors and other defendants...more
On April 11, 2024, New York Senator Joe Addabbo introduced a bill proposing major changes to New York’s fantasy sports law. S9044 seeks to alter the landscape of fantasy sports contests in New York in several ways. As our...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
Mischief Afoot: Vans Kicks MSCHF’s Main Defense to Trademark Infringement to the Curb in Art Sneaker Dispute - If the shoe fits, wear it. Or so the Second Circuit mused in a recent decision, in which it “re-boxed” an art...more
A crackdown on online "pick'em"-style contests in Florida could be a sign of what's to come as state regulators struggle to keep up with the rapidly changing world of daily fantasy sports and legalized sports wagering....more
The Georgia State Capitol hallways and hoppers continued to overflow on Thursday. Law Enforcement Day at the Capitol converged with an onslaught of hundreds of charter school students to fill the People’s House with Georgians...more
As our readers are aware, last October, the New York State Gaming Commission (“GC” or the “Commission”) adopted New York Rule 5602.1(a)(4), a law outlawing fantasy sports contests, such as “pick’em games,” that are based on...more
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
Artificial intelligence promises to transform the way we live and work and its impact will undoubtedly stretch to every business sector across the globe. This next generation of technology brings exciting possibilities and...more
Much has changed since the “Moneyball” theory revolutionized how technology is used throughout the sports industry and influenced the way fans and experts consume and analyze sports. As is the case in other industries, the...more
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
Vermont Governor Phil Scott recently signed into law H. 127, legalizing online sports wagering and fantasy sports contests in the state. Online sports wagering is expected to start no later than January 2024. Under the...more
The Collins Dictionary word of the Year for 2021 was NFT (Non-Fungible Token), defined as “a unique digital certificate, registered in a blockchain, that is used to record ownership of an asset such as an artwork or a...more
Join us for the next edition of FinTech University as we focus on FinTech and Sports. This webinar will provide an overview of how FinTech and gaming intersect, including casino gaming, sports betting, and fantasy sports...more
The recent passage of new emergency regulations clarifies contest operators’ responsibilities in the Commonwealth. The Massachusetts sports betting bill (“H.5164”) was signed into law in August 2022 by Governor Charlie...more
Welcome to Three Point Shot, a newsletter brought to you by the Sports Law Group at Proskauer. Three Point Shot brings you the latest in sports law-related news and provides you with links to related materials. We hope you...more
Since the recent debut of mobile sports gambling in New York, citizens have started wagering on the production of skilled players to lead their bets to victory. More recently, however, “skilled” players of another kind scored...more
On March 22, 2022, the New York Court of Appeals (the “Court”) issued a decision that brought to a close the long-running litigation contesting the legality of Interactive Fantasy Sports (often referred to as “Daily Fantasy...more