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Blog

8 minutes

What Is Reverse Solicitation? The Exemption Everyone Cites and Few Actually Qualify For

Reverse solicitation has become the single most misunderstood exemption in cross-border financial services. While the concept sounds intuitive on paper, sustaining it under regulatory scrutiny is incredibly difficult in practice.

Amar Dzain Consulting Manager

8 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.

Anastasia Marchenko Legal Researcher at LegalBison

8 minutes

What Does DORA Compliance Mean and How To Prepare?

DORA isn't just a document dump. We explain the real requirements, give you a practical checklist, and show what operational resilience looks like when regulators come knocking. Let's get you ready.

Krystian Lapka Lawyer at LegalBison

8 minutes

How Does DraftKings Proprietary Exchange Launch Licensing Look Like in the Prediction Market Space?

DraftKings has spent close to a year building toward the DKeX launch it announced on June 24, 2026.  DKeX, its newly unveiled prediction markets exchange, is the commercial payoff of an acquisition the company closed on October 21, 2025 and has been quietly assembling since. Previously, DraftKings Predictions listed contracts built by outside exchanges, mainly […]

8 minutes

The Complete List of AML Acronyms in the Finance Industry

Whether you're dealing with CDD, filing SARs, or preparing for FATF evaluations, knowing the language is the first step to effective compliance.

Anastasia Marchenko Legal Researcher at LegalBison

8 minutes

A Look Into Sweepstakes Sports Betting Trend and How Does It Work Legally

Are sweepstakes sportsbooks actually legal and if not, what legal loophole makes this possible?

Aimy Qisteena Legal Counsel at LegalBison

8 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.

Anastasia Marchenko Legal Researcher at LegalBison

8 minutes

What Is a Shell Company? Legitimate Uses, Red Flags, and Why Ownership Documentation Matters

A shell company holds no assets, operations, or workforce of its own, and that alone isn't illegal. Used properly, it supports cross-border investment, asset protection, and holding structures. The line between legitimate use and a red flag comes down to whether the beneficial owner can be identified and verified.

Aimy Qisteena Legal Counsel at LegalBison

8 minutes

Circle Secures Final OCC Approval for National Trust Bank: Implications for FinTech and Crypto Licensing

Circle got its final approval on July 10, 2026 to open First National Digital Currency Bank, N.A., which will operate as Circle National Trust.

8 minutes

What Is Virtual Sports Betting and How Does It Work

The regulatory status of virtual sports betting depends entirely on whether a local government looks at the visual format, a.k.a the "sports wrapper" or the underlying technology (the RNG factor).

Hweiching Lim Lead Consulting Manager

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