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Articles by Stephen Schrier
Place Your Bets Carefully: Criminal Prosecution, CFTC Rulemaking, and the Prediction Market Reckoning for the Gaming Industry | JD Supra
Introduction Prediction markets are no longer an emerging curiosity. They are a federal enforcement priority. In just the past three months, two landmark insider trading prosecutions, a Commodity Futures Trading Commission ("CFTC" or "the Commission") proposed rulemaking, congressional investigations, and new platform-level compliance mandates have reshaped the risk landscape for anyone operating in or adjacent to the prediction market and regulated gaming industries.
CFTC Issues Advance Notice of Proposed Rulemaking on Prediction Markets: A Chance to Shape the Future
The Commodity Futures Trading Commission (“CFTC” or “Commission”) published an Advance Notice of Proposed Rulemaking (the "APNR") in the Federal Registrar on March 12, 2026, seeking broad public input on event contract derivatives traded on prediction markets. This is a foundational step toward building a more federally regulated environment for prediction markets arising from sports and other similar events.
Indiana Bans Online Sweepstakes Gaming Under HB 1052
In yet another state legislative action targeting sweepstakes gaming operators and related entities, the Governor of Indiana recently signed into law House Bill 1052 ("HB 1052"), which will become effective on July 1, 2026. HB 1052 imposes a statewide prohibition on the operation of Internet-based sweepstakes-style gaming products.
Multimillion Dollar Jury Verdict Highlights Lack of Skill Game Regulation on Eve of Pennsylvania Supreme Court Review | JD Supra
A Pennsylvania jury issued a verdict of $15.3 million on November 10, 2025, arising from a 2020 fatal shooting of a store clerk in Hazelton, Pennsylvania.
Pennsylvania Jury Issues $15.3 Million Skill Games Verdict
A Pennsylvania jury issued a verdict of $15.3 million on November 10, 2025, arising from a 2020 fatal shooting of a store clerk in Hazelton, Pennsylvania.
Google Modifies Ad Policy to Benefit Daily Fantasy Sports and Lottery Couriers
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 significant shift in the search engine’s Google Ads gambling and games policy, this move is indicative of the company’s responsiveness to the evolving legal landscape surrounding online gaming and lottery courier services.
New Jersey Attorney General Speaks Out About Increased Focus on Advertising in Gaming Industry | JD Supra
New initiatives by the New Jersey Attorney General make clear that gaming operators—and by extension those who advertise on behalf of such operators—must monitor and improve their advertising standards and ensure that responsible gaming is a priority. The New Jersey Attorney General, which oversees the Division of Gaming Enforcement ("DGE"), confirmed the State’s focus on responsible gaming and the advertising standards in the gaming industry throughout the Garden State.
2 Key Measures to Legalize Sports Betting in California Headed for November Ballot | JD Supra
It looks like California residents will have a choice of measures to consider on the November 2022 ballot to potentially legalize sports betting in the Golden State. One measure, backed by a group of California’s Indian tribes, would authorize sports betting only on a retail (i.e., brick-and-mortar) basis at a selection of tribal casinos and racetracks in the state.
Pennsylvania Gaming Control Board Eliminates One Percent Ownership License Requirement for Privately Held Companies | JD Supra
Yesterday, the Pennsylvania Gaming Control Board (the “Board”) issued new licensing thresholds for principals of privately held companies, which brings Pennsylvania in line with the ownership licensing threshold of other states in the gaming industry.
New York Court of Appeals Implements Constitutional Standard for Judging Games of Chance; Confirms Constitutionality of Interactive Fantasy Sports Law | Blank Rome LLP - JDSupra
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 and regulated interactive fantasy sports (“IFS”) contests in New York, is constitutional. In a 4-3 decision, the court ruled in White v. Cuomo, et al.
Ohio Schools Win Big under Latest Sports Betting Bill | JD Supra
In a sign of continued expansion of the sports betting industry, on June 16, 2021, the Ohio Senate has shown its willingness to put Ohio on the sports betting map in a big way. It passed a bill that, if approved by the House, would legalize a very significant and highly competitive sports betting opportunity in the state.
Revolutionary New Casino and Sports Betting Laws Create Prime Opportunities for Virginia Gaming Industry | JD Supra
The gaming industry may be focused elsewhere due to the pandemic closing, but in the midst of the recovery, the newest entrant to legalized sports betting deserves a closer look. Virginia’s casino and sports betting laws create fertile ground for casinos and sports betting operators alike, providing licenses for up to five casino operators and permits for at least four and as many as 12 non-casino online sports betting operators.
Coronavirus Guidance for Businesses: Commercial Arrangements, Contractual Performance and Force Majeure | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
FinCEN Director Emphasizes AML Priorities for Casinos, Sports Wagering, Mobile Gaming, and Card Clubs in Las Vegas Speech | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
Michigan Doubles Down on Legalizing Online Gambling | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
Michigan Veto Pushes Online Gaming to 2019 | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
Michigan Legislature Passes Law Allowing Online Gambling, Includes Potential for Online Sports | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
The Deployment of Skins in Pennsylvania’s New Online Gaming Market | JD Supra
JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations. This Privacy Policy describes how JD Supra, LLC ("JD Supra" or "we," "us," or "our") collects, uses and shares personal data collected from visitors to our website (located at www.jdsupra.com) (our "Website") who view only publicly-available content as well as subscribers to our services (such as our email digests or author tools)(our "Services").
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