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Advertising Prediction Markets? The CFTC Just Sent a Clear Message to Affiliates.
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August 17, 2026
Advertising Prediction Markets? The CFTC Just Sent a Clear Message to Affiliates.
By: Kyra Pulliam
The Commodity Futures Trading Commission (CFTC) recently issued guidance directed to designated contract markets (DCMs) concerning the marketing and offering of event contracts. The guidance was addressed to DCMs because no swap execution facilities (SEFs) currently list event contracts. However, the CFTC’s analysis is equally applicable to futures commission merchants (FCMs) and introducing brokers (IBs), as well as the advertising affiliates and marketing partners that help solicit customers for these products. The CFTC makes one thing clear: the anti-fraud and anti-manipulation provisions of the Commodity Exchange Act apply to the marketing of event contracts. For affiliates that drive traffic to prediction markets, this guidance is a reminder that compliance is not limited to the operator. Marketing materials matter, and regulators…
CFTC Sends Message to Prediction Markets: You Are Not a Sportsbook
August 11, 2026
CFTC Sends Message to Prediction Markets: You Are Not a Sportsbook
By: John Mikuta
In recent guidance, the Commodity Futures Trading Commission (“CFTC”) has made clear that event contracts offered by regulated prediction-market entities must not be marketed in a format commonly used by casino gambling bookmakers. The CFTC’s Division of Market Oversight and Market Participants Division issued a notice to all CFTC-regulated entities and affiliates regarding their obligations to refrain from engaging in misleading or deceptive practices when…
Nicole Kardell on Keeping iGaming Clients Nimble Amidst Ever-Evolving Privacy Regulations
August 3, 2026
Nicole Kardell on Keeping iGaming Clients Nimble Amidst Ever-Evolving Privacy Regulations
By: Ifrah Law
For iGaming companies, protecting customer privacy is paramount: Nicole Kardell acts as their guardian against federal, state and civil actions that could damage their reputations and profitability. Nicole performs on the leading edge of privacy law, helping to keep Ifrah’s clients in compliance with U.S. and international regulations governing the handling of customers’ confidential information. A certified privacy professional with expertise in European privacy law…
Ifrah Law on Web3: Web3 Gaming
June 29, 2023
Ifrah Law on Web3: Web3 Gaming
By: Jake Gray
What We’ve Covered In the initial two blog posts of this series, we explored the fundamentals of the World Wide Web, focusing on its iterative issues and solutions as the technology evolved. We charted the history of the Web briefly, from its early stages of relatively isolated, static, and read-based websites to today’s rather centralized, interconnected, write-based websites, highlighting the underlying reasons and innovations behind…
Is Sports Wagering Regulation and Legalization Leading to More Sports Integrity?
May 25, 2023
Is Sports Wagering Regulation and Legalization Leading to More Sports Integrity?
By: Sara Dalsheim
During the debate to legalize sports wagering in the United States opponents claimed that it would lead to increased corruption and match fixing in sports. However, Sportsradar’s annual Betting Corruption and Match-Fixing Integrity Services Report for 2022[1] revealed that the number of suspicious matches has declined in North America. According to the Report the number of suspicious matches in North America declined 25% compared to…
NFL Gambling Policy Can Benefit From Small Modification
May 10, 2023
NFL Gambling Policy Can Benefit From Small Modification
By: Steven Eichorn
Recently, the NFL suspended five players for violations of the league’s gambling policy. Three players received indefinite bans (with the right to apply for reinstatement after the 2023 season) because they were caught betting on NFL games in the 2022 season, while two other players received six-game suspensions for betting on non-NFL games at a league facility (i.e., they were betting on college games at…
Sports Betting Operators Find Opportunities and Challenges in New Artificial Intelligence Tools
May 2, 2023
Sports Betting Operators Find Opportunities and Challenges in New Artificial Intelligence Tools
By: Jacob Grubman
For bookmakers, who have honed their tools of prediction since the dawn of sports betting, artificial intelligence seems like a natural fit. With a diverse array of AI and AI-adjacent products reaching the market, sports betting operators are primed to exploit these technological developments to offer new and better products to their users. As these two frontier industries meet, regulatory hurdles and obligations are likely…
Ifrah Law at NFT.NYC: Web3 Gaming’s Growing Pains and Maturity
April 26, 2023
Ifrah Law at NFT.NYC: Web3 Gaming’s Growing Pains and Maturity
By: Jake Gray
From April 12th to April 14th, NFT.NYC held its fourth inaugural event since its launch in 2019, boasting more than 1,500 speakers across seven different categories and a featured section. Moving from an array of venues spread throughout Times Square to a centralized location North Javits, Hudson Yards, the event was significantly less well attended than the previous year. Official attendance numbers have not been…
