Prediction market platform Kalshi has secured a preliminary injunction against the New Jersey Division of Gaming Enforcement (the Division), preventing the state from enforcing a cease-and-desist order that aimed to halt...more
5/5/2025
/ Cease and Desist Orders ,
CFTC ,
Commodity Exchange Act (CEA) ,
Derivatives ,
Enforcement Actions ,
Financial Instruments ,
Financial Services Industry ,
FinTech ,
Gambling ,
Injunctions ,
Judicial Authority ,
Market Participants ,
Preemption ,
Regulatory Agencies ,
State and Local Government
The emergence of event-based trading platforms such as KalshiEX LLC and Crypto.com/Nadex has sparked a heated regulatory and policy debate over the boundaries of financial derivatives, speculation and gambling. Both platforms...more
For nearly 40 years and in more than 18,000 judicial opinions, federal courts have used the Chevron doctrine to defer to an agency's reasonable interpretation of an ambiguous statute. On June 28, 2024, the U.S. Supreme Court...more
9/3/2024
/ Administrative Procedure Act ,
Centers for Medicare & Medicaid Services (CMS) ,
Chevron Deference ,
Chevron v NRDC ,
Consumer Financial Protection Bureau (CFPB) ,
Corner Post Inc v Board of Governors of the Federal Reserve System ,
Department of Justice (DOJ) ,
Department of Labor (DOL) ,
Department of Transportation (DOT) ,
Environmental Protection Agency (EPA) ,
Federal Trade Commission (FTC) ,
FERC ,
Food and Drug Administration (FDA) ,
Government Agencies ,
HUD ,
IRS ,
Judicial Authority ,
Loper Bright Enterprises v Raimondo ,
NTSB ,
OCC ,
Popular ,
Regulatory Authority ,
Relentless Inc v US Department of Commerce ,
SCOTUS ,
Stare Decisis ,
Statute of Limitations ,
Statutory Interpretation ,
U.S. Treasury
The Finnish government has unveiled a draft law proposing a major overhaul of the country's gaming regulatory landscape. The proposed system, targeted for launch in January 2027, would usher in a new era of open competition...more
7/19/2024
/ Anti-Money Laundering ,
Casinos ,
Finland ,
Gaming ,
iGaming ,
Know Your Customers ,
Licensing Rules ,
Lottery ,
Online Gaming ,
Popular ,
Proposed Legislation ,
Sports Betting ,
Tax Revenues
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
9/27/2023
/ Cease and Desist ,
Compliance ,
Fantasy Sports ,
Gambling ,
Gaming ,
Gaming Commissions ,
Lottery ,
Online Gaming ,
Regulatory Violations ,
Sports Betting ,
State Attorneys General ,
Statutory Violations
The Florida Division of Alcoholic Beverages and Tobacco will accept quota beverage license drawing entries for 45 days starting on Aug. 21, 2023. This year, there are 89 licenses available in 30 counties ...more