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Online Gaming Securities and Exchange Commission (SEC)

The Volkov Law Group

Flutter Entertainment Settles SEC FCPA Case for $4 Million for Improper Payments to Russian Consultants

The Volkov Law Group on

Flutter Entertainment, the previous owner of PokerStars, agreed to pay the Securities and Exchange Commission $4 million for improper payments to Russian-based consultants, stemming from conduct committed by The Stars Group,...more

Robins Kaplan LLP

Financial Daily Dose 8.31.2021 | Top Story: China Clamps Down on Gaming for Kids and Teens

Robins Kaplan LLP on

Forget Big Brother and meet Big Parent, as Beijing released new strict limits “on how long minors can play online video games” on Monday. The rules, which bar kids and teens from online gaming on school days and limit them to...more

Fenwick & West LLP

SEC Commissioner Dissents in Crypto Enforcement Action

Fenwick & West LLP on

The Securities and Exchange Commission (SEC) announced on September 15, 2020, that it charged online esports gaming and gambling platform Unikrn with violations of Section 5 of the Securities Act of 1933 (Securities Act) for...more

Morrison & Foerster LLP

Taming Unikrns? The SEC’s Recent Digital Asset Offering Enforcement Actions

So far in 2020, the U.S. Securities and Exchange Commission (SEC) has brought fifteen enforcement actions in the offerings of digital assets space. Three of these actions do not involve fraud; rather, they allege solely...more

Polsinelli

A Pocketful of Quarters: SEC Provides Digital Asset Offering Guidance

Polsinelli on

On July 25, the staff of the U.S. Securities and Exchange Commission (“SEC”) Division of Corporation Finance published a response to a no-action request submitted by Pocketful of Quarters, Inc. (“Pocketful of Quarters”)...more

Orrick - On the Chain

The SEC’s Second No-Action Relief for Digital Tokens: Meaningful Relief or a Wolf in Sheep’s Clothing?

Orrick - On the Chain on

Pocketful of Quarters, Inc. (PoQ) is the second-ever recipient of no-action relief from the Division of Corporation Finance of the Securities and Exchange Commission for the issuance of “Quarters.” Quarters are a digital...more

Burr & Forman

POQ No-Action Letter: DLT “Arcade Tokens” Aren’t Securities

Burr & Forman on

Last week, the SEC’s Corporate Finance division issued its second no-action letter supporting a digital token issue.  On July 25, 2019, the Staff agreed it would not recommend enforcement action over the issuance of Quarters...more

Stinson - Corporate & Securities Law Blog

SEC Issues No-Action Letter for Gaming Tokens

The SEC has issued a no-action letter to Pocketful of Quarters, Inc., or PoQ, regarding the sale of gaming tokens called Quarters to be used on the Quarters Platform to play Participating Games....more

Sheppard Mullin Richter & Hampton LLP

Fantasy Stock Picking Contest Deemed by SEC to be Illegal Security-based Swaps

The SEC shut down a “fantasy” stock picking game for allegedly violating securities laws. Forcerank LLC ran contests via mobile phone games where players paid a fee and predicted the order in which 10 securities would perform...more

Stinson - Corporate & Securities Law Blog

SEC Says Mobile Phone Game is an Illegal Security-Based Swap

I previously discussed an SEC Investor Alert which said fantasy stock trading for small amounts of money can violate provisions of securities laws implemented by the Dodd-Frank Act. According to the SEC, the terms “swap,”...more

Stinson LLP

Emerging Trends Newsletter - Q2

Stinson LLP on

We are thrilled to bring you the 2nd installment of Stinson Leonard Street's Emerging Trends newsletter. Recent Delaware Supreme Court Opinion Limits General Personal Jurisdiction for Foreign Corporation - Recent...more

Mintz - Public Finance Viewpoints

Financial Services Legislative and Regulatory Update -- December 16, 2013

In This Issue: Leading the Past Week; Legislative Branch; Executive Branch; International; Miscellaneous; and Upcoming Hearings. Excerpt from Leading the Past Week - Before leaving for the Christmas...more

Mintz - Public Finance Viewpoints

Financial Services Legislative and Regulatory Update -- June 10‚ 2013

In This Issue: Leading the Past Week; Legislative Branch; Executive Branch; International; and Upcoming Hearings. Excerpt from Leading the Past Week - And the beat goes on… Another week with the White...more

Pillsbury - Internet & Social Media Law Blog

Around the Virtual World - December 17, 2012

A weekly wrap up of interesting news about virtual worlds, virtual goods and other social media. In This Issue: - Union Facebook Page Not Picket Line Extension: NLRB Judge - Parody New York Times Twitter...more

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