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SEC Settles Lawsuits Against Nevada Sports Betting Funds

September 12, 2018 The Securities and Exchange Commission (“SEC”) recently settled two lawsuits against sports betting funds which the agency accused of violating the Securities Act.  The settlement culminates a nearly two-year investigation, and the first known prosecution of a sports betting fund since Nevada legalized such pooled wagering. What were the nature of the […]

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Tribal Gaming Ruling: Betting on “Desert Rose Bingo” Violates UIGEA

August 8, 2018 The United States Court of Appeals for the Ninth Circuit recently rendered a decision based on the Unlawful Internet Gaming Enforcement Act (“UIGEA”) that could have broad implications for online tribal gaming. In the lawsuit, the State of California and the United States (the “Government”) sought an injunction to prohibit the Iipay

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