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Sports Gambling: Risks and Rewards

January 31, 2019

On January 31, O’Melveny and EY Forensics hosted an in-depth discussion regarding the impact of Murphy v. National Collegiate Athletic Association, the Supreme Court’s May 2018 decision that opened the door to states legalizing sports gambling. 

Panelists representing diverse areas of expertise provided insight into the ramifications of Murphy, including business and legal perspectives from professional sports leagues, mobile betting operators, casinos, and media industry insiders.  The panel discussion generated a dynamic exchange focused on the burgeoning opportunities for revenue generation associated with legalized sports gambling, as well as an analysis of the associated compliance risks of entering into the sports gambling marketplace.

Bob Boyle, EY’s Senior Manager of Forensic & Integrity Services, moderated the Risks panel, which featured Ari Borod, Vice President of Fantasy Sports at FanDuel; Seth Krauss, Chief Legal Officer at Endeavor; Lauren Riccio, Senior Vice President of Independent Compliance Risk Management at Citi; and Laurel Rimon, Senior Counsel in O’Melveny’s White Collar Defense & Corporate Investigations group.

Moderated by Daniel Cohen, SVP of Global Media Rights Consulting at Octagon, the Rewards panel featured Chris Dougan, Chief Communications Officer and Managing Director of US Operations at Genius Sports; David Foster, Deputy General Counsel for the National Basketball Players Association; Sharon Otterman, Chief Marketing Officer at William Hill US; and Irwin Raij, Co-Chair of O’Melveny’s Sports Industry Group.