Ep 502: Swap 'Til You Drop (Or At Least Cease And Desist)

Jessica Welman is back in the host's chair for today's iGaming Daily, sponsored by Optimove, and once again she's on her favourite topic, the Federal Government. Joined by Charlie Horner, Jess is turning her attention to event contracts, and a flurry of lawsuits filed by Kalshi, who are taking the gaming regulators in Maryland, Nevada and New Jersey to court, all on sports-related event contracts and whether or not they violate state sports betting laws.Jess and Charlie break down the arguments around event contracts, how the cases are going and why the CFTC might not be the ally the industry hopes it will be. And just what is a 'swap' anyway?Some reading material to get you up to speed:Kalshi now has three lawsuits against US regulatorsNevada judge says CFTC clearly oversees event contracts, not stateNew Jersey AG questions if sports contracts even qualify as legal swapsKalshi files third sports contract suit against Maryland LotteryHost: Jessica WelmanGuest: Charlie HornerProducer: Anaya McDonaldEditor: Scott FultoniGaming Daily is also now on TikTok. Make sure to follow us at iGaming Daily Podcast (@igaming_daily_podcast) | TikTok for bite-size clips from your favourite podcast. Finally, remember to check out Optimove at https://hubs.la/Q02gLC5L0 or go to Optimove.com/sbc to get your first month free when buying the industry's leading customer-loyalty service.