Updated: Aug, 04 2026

Blog

7 minutes

How Does a Decentralized Betting Platform Work?

A practitioner's breakdown of how a decentralized betting platform actually works, from smart contracts and on-chain settlement to where licensing and compliance still apply in protocol development.
How Does a Decentralized Betting Platform Work? image
7 minutes

UK DCMS Targets Unlicensed Sponsorship: A Compliance Signal for Overseas Gaming Brands

The UK’s Department for Culture, Media & Sport opened an eight-week consultation on 15 July 2026 proposing to ban gambling operators that aren’t licensed by the Gambling Commission from sponsoring or advertising in Great Britain (1). The loophole it’s trying to close has existed since the Gambling Act 2005 came fully into force on 1 […]
UK DCMS Targets Unlicensed Sponsorship: A Compliance Signal for Overseas Gaming Brands image
7 minutes

Sweepstakes vs. Contest vs. Giveaway: What’s the Real Legal Difference?

Struggling to tell the difference between a sweepstakes vs contest vs giveaway? Learn the contest vs sweepstakes legal distinctions, why a sweepstakes vs contest vs lottery analysis matters, and how to avoid turning your promotion into an illegal gambling operation.
Sweepstakes vs. Contest vs. Giveaway: What’s the Real Legal Difference? image
Anastasia Marchenko photo
Anastasia Marchenko Legal Researcher at LegalBison
7 minutes

CoinFlip’s Italian MiCAR License: What CONSOB’s Approval Signals for CASP Passporting

CoinFlip, the Chicago-based operator of what it describes as the world’s largest network of cryptocurrency kiosks, has been granted a Markets in Crypto-Assets Regulation license by CONSOB, Italy’s securities regulator. This makes it the country’s first international Crypto-Asset Service Provider authorized under the new regime. The company is setting up its European headquarters in Milan […]
CoinFlip’s Italian MiCAR License: What CONSOB’s Approval Signals for CASP Passporting image
7 minutes

Is It Sweepstakes or Gambling? Core Platform Mechanics Answered With Examples

Wondering whether your platform is a sweepstakes or gambling? Learn the legal test behind the dual-currency model, how AMOEs work, and what happens when regulators reclassify a sweepstakes casino. We break down the prize-chance-consideration framework, compare compliant vs. non-compliant mechanics, and cover key distinctions in the US, UK, Canada, and Australia. Read more to understand where the line actually sits.
Is It Sweepstakes or Gambling? Core Platform Mechanics Answered With Examples image
Anastasia Marchenko photo
Anastasia Marchenko Legal Researcher at LegalBison
Banner image

Subscribe to the LegalBison newsletter

Insights and updates from the best FinTech & crypto lawyers

    Do not miss future crypto regulation changes and FinTech opportunities!

    Each month, LegalBison provides an insiders’ point of view on the evolution of the legal landscape and its consequences for Web3 and FinTech businesses.

    Exclusive content, previously reserved for our VIP clients, now available for all: entrepreneurs, lawyers, students and crypto enthusiasts.