by Michael Molter | Nov 14, 2024 1:22 pm | Legal
The FBI raided the home of Polymarket CEO Shayne Coplan, seizing his electronics amid an investigation into the crypto-based prediction market’s handling of election betting odds. NEW YORK – In a high-profile raid Wednesday morning, FBI agents entered the New York...
by Carter Floyd | Jun 19, 2020 10:05 am | Regulatory
The U.S. Court of Appeals of the First Circuit is now hearing an appeal from the Department of Justice on the case of New Hampshire Lottery Commission, et al v. Barr, et al. The case will determine the scope of the Wire Act and whether it applies solely to sports...
by Michael Molter | Aug 19, 2019 5:51 pm | Regulatory
The Wire Act was made into law in 1961 to prevent underground sportsbooks from ruling the industry. When the internet was created, the Wire Act immediately became obsolete, yet no parts of the law were changed. The Department of Justice released an opinion in 2011...
