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FY05 Protestors Achieve Effective Relief 37% Of Time At GAO

Client Alert | less than 1 min read | 01.27.06

GAO recently reported to Congress a 23% "sustain" (win) rate for protests decided in FY05. Even more impressive, GAO reported an "effectiveness" rate of 37%, meaning that, between winning the protest and having the agency concede error and take corrective action before a decision was rendered, protestors obtained effective relief in over one-third of the protests resolved last fiscal year.

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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....