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DOJ Reports $4.7B in FCA Recoveries in FY16

Client Alert | less than 1 min read | 12.16.16

On December 14, 2016, DOJ reported that it recovered more than $4.7 billion in settlements and judgments from civil FCA cases in FY16, making it the third highest annual recovery in FCA history. Of the FY16 recoveries, $2.5 billion related to health care fraud, $1.7 billion related to the financial industry, and the remaining $500M related to higher education, procurement, and other federal programs.

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Client Alert | 6 min read | 03.18.26

CFTC Takes Additional Steps Toward Prediction Market Regulation: What You Need to Know

On March 12, 2026, the U.S. Commodity Futures Trading Commission (CFTC) took formal steps toward establishing additional regulations for prediction markets. The agency issued an Advanced Notice of Proposed Rulemaking (ANPRM) soliciting public input on potential new rules, and separately, released staff guidance outlining its views on how existing rules apply to prediction market platforms currently in operation. These developments signal a significant shift in the regulatory landscape for an industry that has grown rapidly over the past year....