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
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
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
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
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
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
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
In a widely anticipated decision for fantasy sports operators and their customers, the New York Court of Appeals has ruled that Article 14 of the Racing, Pari-Mutual Wagering and Breeding Law (“Article 14”), which authorized...more
On Thursday, September 9, 2021, the U.S. Department of the Interior approved Connecticut’s amended state-tribal gaming compacts with the Mohegan and Mashantucket-Pequot Tribes, bringing Connecticut another step closer to an...more
Over the last few weeks, Washington, Arizona, and Wyoming released regulations and opened applications for sports betting operators to apply for licenses. Sports betting is now legal in 32 states and the District of Columbia....more
In Spring 2021, eight states enacted legislation approving retail and/or online sports betting, all with the goal of a statewide sports betting launch in time for the 2021-2022 NFL season, which officially begins on September...more
On May 25, 2021, the Connecticut General Assembly enacted legislation authorizing retail and online sports betting, online casino gaming and online daily fantasy sports (DFS), to be offered exclusively by the Connecticut...more
On April 15, Governor Ducey signed into law the greatest expansion of the Arizona gaming landscape in nearly two decades. The new law, along with amended Tribal-State Gaming Compacts, legalizes event wagering (sports...more
On April 15, 2021, Governor Doug Ducey signed legislation authorizing both retail and online sports betting in Arizona. The new law also legalizes daily fantasy sports contests, which have been prohibited in the state since...more
Nobody has been able to predict anything about 2020, including the results of the 2020 U.S. elections (although many tried - more than $1 billion in foreign wagers were placed on the outcome of the Presidential race). In the...more
Last week the U.S. Attorney’s Office for the Eastern District of Pennsylvania (EDPA) announced a historic non-prosecution agreement involving 5Dimes, a major offshore sports-betting operator. The agreement represents a major...more
“Nothing can be said to be certain, except death and taxes.” ? Benjamin Franklin. This familiar phrase resonates for daily fantasy sports (DFS) operators following the release of a July 23, 2020 Internal Revenue Service...more
On April 16, 2020, the Illinois Supreme Court officially adopted the "predominate factor test" and ruled in Dew-Becker v. Wu (2020 IL 124472) that daily fantasy sports (DFS) are, in fact, games of skill, and therefore...more
Iowa enacted a sports betting law last May. Section 99E addressed fantasy sports contests and Section 99F addressed sports betting. Under Section 99E: a “Fantasy sports contest” includes any fantasy or simulated game or...more
A New York law permitting interactive fantasy sports (IFS) is unconstitutional, an appellate court in the state has ruled, dealing a blow to the multimillion-dollar industry. The state legislature amended the Racing,...more
The New York Appellate Division dealt a shocking blow to the fantasy sports industry by ruling earlier this month that daily fantasy sports contests are a form of gambling and that the law passed by New York in 2016...more