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Is a Bitcoin Sweepstakes Promotion Legal?

David O. Klein
David Klein is one of the most recognized attorneys in the telemarketing, technology, Internet marketing, sweepstakes and telecommunications fields. Skilled at counseling clients on a broad range of technology-related matters, David Klein has substantial experience in negotiating and drafting complex licensing, marketing and Internet agreements.
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NY Fantasy Sports Operator Accused of Running Illegal Betting Platform
Last week, a putative class action Complaint was filed against a major fantasy sports company in the United States District Court for the Eastern District

Sweepstakes Winner Affidavits
The culmination of every successful sweepstakes promotion involves the picking of a winner, or multiple winners, as applicable. Winner selection also provides the sweepstakes operator

A Fantasy Sports Opinion Letter is a Necessity
The fantasy sports market was valued at $30.5 billion in 2023. Every year, the industry inches closer to nationwide legalization and regulation. In addition to

Is a Bitcoin Sweepstakes Promotion Legal?
Earlier this year, Coinbase ran a Bitcoin sweepstakes promotion offering the chance to win one of six prizes, with the top two prizes amounting to

Sweepstakes Registration and Bonding Requirements
Unique and highly coveted prizes provide an effective means for brands to drive consumer engagement with sweepstakes and promotional contests. Because prizes serve as the

How to Run A Social Media Sweepstakes Promotion
Conducting a sweepstakes promotion through a social media venue provides businesses with a potent marketing combination: Sweepstakes sponsors can increase engagement with their social media

Sweepstakes Publicity Releases
By awarding prizes in connection with a sweepstakes promotion, a business can generate valuable publicity and goodwill. This is especially true when the sweepstakes sponsor

Live Event Sweepstakes Considerations
The allure of prizes offered in a sweepstakes promotion can be an effective means of attracting consumers to a brand and/or its specific products/services. This

Major Updates to Google Gaming Advertising Regulations Take Effect Today!
As of today, July 15, 2024, Google gaming regulations contain significant revisions. The Google Ads policy for daily fantasy sports (“DFS”) operators now enable them

As Online Sports Betting Proliferates, Authorities Tighten the Screws on Gambling Advertising
On May 14, 2018, the United States Supreme Court decided the pivotal matter of Murphy v. National Collegiate Athletic Assoc., repealing the Professional and Amateur

New York Senator Introduces Novel Fantasy Sports Law Amendments
On April 11, 2024, New York Senator Joe Addabbo introduced a bill proposing major changes to New York’s fantasy sports law. S9044 seeks to alter

Why You Need A Privacy Policy for Your Sweepstakes Promotion
Sweepstakes promotions can be valuable tools for businesses seeking to attract new customers. Unlike static ads, newsletter sign-ups and other basic website registration forms, sweepstakes