News & Analysis as of

Sports Gambling

March Madness for Employers: Embrace the Fun and Enjoy the Party?

by Nexsen Pruet, PLLC on

With the announcement of teams this week for the 2017 NCAA Men’s Basketball Tournament, there will be the inevitable dour reports that bracket filling, live streaming, and fun (or even higher stakes) wagering will cost...more

Texas Lawmaker Introduces Fantasy Sports Bill; Fantasy Sports Lawyers Scrutinize the Details

by Klein Moynihan Turco LLP on

A State Senator in Texas recently introduced a new bill that would legalize fantasy sports contests and implement regulations governing their operation. Fantasy sports lawyers understand that stakes for this bill are high as...more

Does March Madness = Workplace Madness? Some Thoughts on the Legality of NCAA Bracket Pools, the Tournament’s Effect on the...

This time of year usually marks the sports netherworld between the Super Bowl and the NCAA Men’s Division I Basketball Tournament, which is better known as March Madness. This lull provides employers with an excellent...more

Don’t bet the farm on March (legal) Madness

by McAfee & Taft on

March is upon us, which means spring is near and the sweet smell of tournament brackets will soon fill the air. For many, the month is synonymous with March Madness, the NCAA’s annual tournament that crown’s college...more

Super Bowl 51: What to Do When the Fantasy is Over and Football Fever Becomes a Work Reality?

Super Bowl 51 is just around the corner, and many of your employees probably already have football fever. According to a January 2016 study conducted by the Workforce Institute at Kronos, 77 percent of American workers...more

What Every Employer Needs To Know About The Super Bowl

by Fisher Phillips on

The stage is officially set. The Atlanta Falcons will be playing the New England Patriots in Super Bowl 51 on Sunday, February 5, 2017, and no doubt your employees are very much aware of the upcoming game. A good many of them...more

Three States Introduce Bills to Legalize Sports Betting While SCOTUS Decides Whether to Hear Suit Challenging Existing Federal Ban

by Reed Smith on

As the Supreme Court weighs whether to hear a New Jersey challenge to the Professional and Amateur Sports Protection Act (“PAPSA”) – a 1992 federal law that banned sports wagering in all states where it was not already in...more

Place Your Bets: Will the Trump Administration Support New Jersey’s Push to Expand Sports Gambling?

by Goodwin on

New Jersey’s years-long battle to allow sports gambling received a significant boost from the U.S. Supreme Court last week, which issued an order inviting the Solicitor General to file a brief in the case (known to Court...more

Super Bowl Office Betting – Does it Cross the Line?

by Gray Reed & McGraw on

Riding her beloved Packers late-game win against the Dallas Cowboys, Allfer Funn, owner of Con Genial, is polishing her cheese head hat and dusting off her Super Bowl Squares Pool from last year in anticipation of the Big...more

Illinois’ New Anti-Fantasy Sports Bill and the Need for Fantasy Sports Lawyers

by Klein Moynihan Turco LLP on

A bill introduced to the Illinois House of Representatives, designed to criminalize fantasy sports, has been assigned to the Executive Committee for further review and analysis. The move advances the bill one step closer to...more

eSports Lawsuit Over For Now, But State Action May Follow

by Goodwin on

On October 4, 2016, a federal judge in the Western District of Washington dismissed a suit against Valve Corporation (“Valve”) alleging that Valve and third-party websites had facilitated online gambling in violation of state...more

After String of Bad Beats, New Jersey Contemplates Going All In On Sports Betting

by Goodwin on

Lawmakers in Trenton are desperate to allow sports betting in Atlantic City. The American Gaming Association estimates that $149 billion is illegally wagered on sports in the United States each year. ...more

Employee Sports Gambling: Workplace Policies and Guidance For In-House Counsel

Sports fans have long looked for ways to be a part of the action. The co-owner of the Oakland Raiders developed a fantasy golf game back in the 1950s. In the 1980s, journalist Daniel Okrent created “Rotisserie” League...more

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

Michigan to Legalize Fantasy Sports?

by Klein Moynihan Turco LLP on

The Michigan State House of Representatives recently introduced legislation proposing to exempt certain fantasy sports contests from the prohibition against gambling contained in the State’s penal code. The proposal is the...more

Fantasy Sports Bill Proposed for Nevada

by Dickinson Wright on

On August 23, 2016, the two largest daily fantasy sports (“DFS”) operators, DraftKings and Fan Duel, will be presenting their proposed Nevada daily fantasy sports legislation (the “Proposed Bill”) to the Nevada Gaming Policy...more

Massachusetts Becomes Ninth State to Legalize Daily Fantasy Sports

Massachusetts Governor Charlie Baker has signed into law a bill to legalize daily fantasy sports in the Commonwealth. Massachusetts is the ninth state to legalize daily fantasy sports, and the eighth to do so this year. The...more

New York Daily Fantasy Law Passed – But Will it Stick?

As previously reported on our blog, New York enacted a law legalizing fantasy sports (subject to certain conditions and licensing). This undoubtedly makes DFS operators and players happy. But consistent with the notion that...more

NJ Gets Shut-out on Sports Betting

New Jersey’s sports betting law was struck down by an Appellate court decision. The court held that PASPA (the Professional And Amateur Sports Protection Act) prohibits states from authorizing by law sports gambling, and that...more

New York Legalizes Daily Fantasy Sports

Governor Andrew Cuomo signed into law a bill to legalize daily fantasy sports in New York. This is the eighth state to legalize daily fantasy sports, and the seventh to do so this year. With the start of the NFL season just...more

Massachusetts Beats Buzzer With New Fantasy Sports Law

by Klein Moynihan Turco LLP on

With the State legislative session set to expire, Massachusetts lawmakers passed a bill late Sunday night to formally legalize daily fantasy sports in the Commonwealth. While other states that have recently legalized fantasy...more

Emerging Trends Newsletter - Q2

by Stinson Leonard Street 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

The Race Is On: Nevada and New Jersey Scramble to Lead the Evolving Relationship between Gambling and eSports

For the last several years, eSports contests have been filling arenas throughout the world. eSports viewership and associated cash prizes now rival those of professional sports. Top teams win millions of dollars in a single...more

Is it a Gamble for Employers to Permit Office Pools During March Madness?

by FordHarrison on

The American Gaming Association estimates that Americans will bet a total of $9.2 billion on March Madness brackets, pools and contests this year, an increase of approximately $200 million from last year. While estimates...more

Virginia Passage of Fantasy Sports Law Appears Imminent; PA, NY and MD Bills in the Works

Virginia’s House and Senate have both passed a bill (SB 646) that would legalize, but regulate, fantasy sports in Virginia. All that is needed is for Governor McAuliffe to sign it into law. If passed, the law would create...more

86 Results
|
View per page
Page: of 4
Cybersecurity

"My best business intelligence,
in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up using*

Already signed up? Log in here

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
Feedback? Tell us what you think of the new jdsupra.com!