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Never in the history of the U.S. has there been such rapid change in the gambling laws. The recent DOJ decision overturning its 2011 memo on the Wire Act is just the latest in this wave of activity. This follows closely on the heels of the U.S. Supreme Court’s decision to strike down as unconstitutional PASPA (the Professional and Amateur Sports Protection Act) and the various state laws authorizing fantasy sports and online poker and other online gambling activity. The DOJ’s expansion of the scope of prohibitions under the Wire Act also broadens the scope of UIGEA, which has an impact on financial transaction providers. Billions of dollars are at stake. But does this recent opinion deflate these opportunities?
Please join Sheppard, Mullin, Richter & Hampton LLP partners James G. Gatto, Daniel E. Schnapp and Christine L. Swanick as they:
- Provide an overview of the DOJ’s memo;
- Discuss the practical implications of the memo for those in the online gambling industry; and
- Address the implications of the memo for the financial institutions that support the online gambling industry.
Program Level: Update
Intended Audience: In-house counsel, outside attorneys, tribal and commercial casino operators, tribal and commercial gaming regulators, government officials, technology and software providers, financial institution professionals and other consultants, auditors and professionals involved with developments related to the online gambling industry
Advanced Preparation: None