Alan Wilmot

@alanwilmotlaw Senior Legal Counsel @HEITNERLEGAL

[Alan Wilmot @alanwilmotlaw]

The @CFTC has issued an order that forces @Kalshi to choose between state and federal compliance. Violation of either places Kalshi at risk of penalty or fines.

I break down Kalshi's latest legal quagmire for @LSPReport:

https://t.co/QLX8XIbARi

[Alan Wilmot @alanwilmotlaw]

Per Arizona law, gambling does not include "contracts for the purchase or sale at a future date of securities or commodities..."

Can this exclusion be used to defeat the criminal charges against Kalshi? I discuss in my latest for @LSPReport

[Alan Wilmot @alanwilmotlaw]

In my latest for @LSPReport, I break down how a federal court in TN broke from recent rulings provided in NV and MD in the ongoing fight over prediction markets and sports event contracts

[Alan Wilmot @alanwilmotlaw]

https://t.co/WHFwoFMD8s

[Alan Wilmot @alanwilmotlaw]

The @CFTC Chair has finally weighed in on prediction markets. I broke down what he said — and why it matters — in my latest for @LSPReport:

[Alan Wilmot @alanwilmotlaw]

🔗https://t.co/G7IsAQTBCc

[Alan Wilmot @alanwilmotlaw]

🔮 What will the legal landscape for prediction markets look like in 2026?

In my latest for @LSPReport , I discuss the trending topics that will continue to shape the future of sports-related event contracts and prediction markets.

[Alan Wilmot @alanwilmotlaw]

Excited to join @FSGAtweets Winter Conference as moderator for the panel "Prediction Markets: What We’ve Learned So Far."

You won’t want to miss this. Will I see you there?

Register here: https://t.co/PvxIGJGLKD

#FSGA #FantasySports #FSGAWinterConference

[Alan Wilmot @alanwilmotlaw]

https://t.co/v4iBZDyFfP

[Alan Wilmot @alanwilmotlaw]

Arizona intends to revoke Underdog Fantasy’s license over its ties to prediction markets. Underdog plans to challenge the ADG’s action, setting up a legal fight that could have implications well beyond Arizona.

@LSPReport

[Alan Wilmot @alanwilmotlaw]

Latest for @LSPReport :

https://t.co/BukAsUHA9z

[Alan Wilmot @alanwilmotlaw]

A CA federal court denied tribal plaintiffs’ bid to block Kalshi, finding IGRA doesn’t restrict what non-tribal entities can offer — and that Kalshi’s CEA-registered event contracts aren’t “bets or wagers” under UIGEA.

Kalshi stays in play (for now).

[Alan Wilmot @alanwilmotlaw]

Coinbase was recently sued for allegedly allowing consumers to purchase unregistered securities. Now, #NFTs are coming into the crosshairs of securities regulators.

There is a major difference between a security token and a utility token. Beware!

https://t.co/KM3BTbEQCr

[Alan Wilmot @alanwilmotlaw]

This is what Urban Meyer should have said:

https://t.co/cQSfMNJ152

[Alan Wilmot @alanwilmotlaw]

That seems to be the case. Urban Meyer not having the best start to his professional coaching career.

https://t.co/JfTflsXA13

[Alan Wilmot @alanwilmotlaw]

Urban Meyer opening the Jaguars to potential claims from the NFLPA?

https://t.co/JfTflsXA13

[Alan Wilmot @alanwilmotlaw]

Some thoughts with @MattRybaltowski @sports_handle on Florida’s ill-fated attempt to regulate daily fantasy sports:

[Alan Wilmot @alanwilmotlaw]

.@Learfield (in collaboration with @MainlineEsports) to host the "2020 Fall Madden Challenge" esports competition for New Mexico State and 10 associated members within the Mountain West Conference.

Broadcasting on @Twitch beginning 9/24

[Alan Wilmot @alanwilmotlaw]

I expect there to be significant pushback on the applicability of this tax and whether it is actually enforceable, especially when considering state regulations and case precedent recognizing DFS as a game of skill and excluding it from gambling laws

[Alan Wilmot @alanwilmotlaw]

I'm not sure the IRS intended to flip the entire daily fantasy sports industry on its head. Labeling entry fees as a "bet or wager" defeats the entire purpose of the fantasy sports exception (commonly applied to season-long and DFS) included in the UIGEA.