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Show Me the Tokens - Using Cryptographic Tokens to Activate Fans In order to avoid regulatory and legal pitfalls, businesses should seek counsel regarding rules and promotional materials before conducting a sweepstakes, contest or raffle. In the esports and gaming world, a sweepstakes or contest often takes the form of a tournament, and in an effort to be compliant with state and federal laws, the element of chance is removed, making the esports and gaming promotion a true skill contest. The promotion of sweepstakes and contests is a vastly regulated industry that has pitfalls often overlooked by companies. Running a Legal Sweepstakes or Contest in the Esports and Online Gaming World As TikTok continues to increase in popularity, legal issues continue to arise, and businesses need to be aware such issues as they relate to music licensing. A Commercial Music Library was created for verified business accounts, but the selection is thought to be less than satisfactory. Giving users more access to licensed music and strengthening ties between the app and the music industry, TikTok and major rights holders agreed to provide a non-commercial music library for non-business accounts, lessening the chance of DMCA notices and legal claims, and allowing for royalties to be paid. Our quarterly publication, At the Corners, will discuss relevant topics for you to stay in the game when it comes to esports, sports technology and wagering. The sports marketplace has permanently changed, and Stinson is prepared to help you navigate these news challenges. Wagering and betting compliance opinions.Data security, privacy and information governance.Joint ventures and strategic partnerships.Advertising, promotions and sponsorships.Online streaming rights and brand management.Venture capital, including introductions to venture capital investors, financial institutions, accelerator programs and alternative financing sources.Commercial lending and traditional financing.Family and friend's investors / seed capital.The Stinson Esports, Sports Technology & Wagering team can assist with the following legal needs: that regulate or prohibit DFS to minimize risk exposure. Thus, it is critical to have legal advisors who are up-to-date on attorney general opinions and legislation throughout the U.S. States across the country have interpreted certain DFS platforms against the backdrop of UIGEA and other state and federal gambling laws. Moreover, since the passage of the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA), the rise of DFS has been quick but tumultuous. BETTING, GAMING INTEGRITY & FANTASY SPORTSĪs more states enact laws surrounding legalized sports betting and daily fantasy sports (DFS), the Stinson team offers guidance on compliance in all facets of gaming laws, including the Travel Act, the Federal Wire Act, the Unlawful Internet Gambling Enforcement Act and the Indian Gaming Regulatory Act. The Stinson Esports, Sports Technology & Wagering team is passionate about our clients’ businesses and we are able to provide critical insight and guidance – both traditional and emerging. Our team has provided guidance to companies throughout the sports technology spectrum, including those utilizing augmented reality, biometric data and blockchain. In addition to our esports proficiencies, we are well equipped to assist sports technology businesses. We offer the experience necessary to provide full-service legal counsel to stakeholders throughout the esports ecosystem, including mobile gamers, leagues, franchise owners, broadcasters, advertisers, publishers, agencies and promoters, distributors, sponsors, investors, banks and other leading corporations and individuals. Our Stinson team is uniquely qualified to address the complex and dynamic needs of our Esports, Sports Technology & Wagering clients. The Esports, Sports Technology & Wagering team at Stinson is uniquely positioned to provide clients with informed and reliable guidance in these specialized industries. However, as with any innovative disruptive force, legal and regulatory uncertainty and challenges continually arise. The merger of social media, streaming platforms, wagering and competitive video gaming has provided a robust marketplace for investors, companies and traditional sports teams.