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Prediction Markets 101 — History and Current Status

A comprehensive guide to prediction markets, exploring their origins, mechanics, current trends, and challenges. Learn how these markets are shaping finance, technology, and culture.

January 15, 2025Read

Jacobs Counsel | Legal Services for Startups, Athletes, Creators & Gaming

AI-native law firm offering fixed-fee legal services. Licensed in New York, New Jersey, and Ohio.

Close Deals. Protect Assets. Build Legacies.

Jacobs Counsel provides legal counsel for startups, collegiate and professional athletes, content creators, gaming and esports companies, hospitality businesses, and growing families seeking estate planning and wealth protection.

Founded by Andrew R. Jacobs, Esq., a former Boston College basketball walk-on and former NFLPA-certified agent, the firm combines athlete mentality with dealmaker expertise.

Practice Areas

Gaming Law & Compliance - Multi-state licensing, skill vs. chance analysis, regulatory compliance
NIL & Athlete Representation - Endorsement deals, brand partnerships, contract negotiation
Content Creator Rights - Platform agreements, IP protection, brand deals
Brand & Intellectual Property - Trademark registration, copyright, licensing
Business Transactions - Entity formation, fundraising, M&A
Estate Planning - Wills, trusts, asset protection
Hospitality & Liquor Licensing - Restaurant, bar, hotel legal services
Deal Support - Contract review, negotiation, due diligence
Outside General Counsel - Fractional legal department for growing companies

Clients We Serve

Office Locations

New York Office - 43 W. 43rd St., Suite 118, New York, NY 10036
New Jersey Office - Serving clients throughout New Jersey
Ohio Office - Serving clients throughout Ohio

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About Andrew R. Jacobs, Esq.

Andrew R. Jacobs is the Founder and Managing Attorney of Jacobs Counsel LLC. He earned his J.D. from Seton Hall Law with a concentration in Tax & Estate Planning, attended the University of Miami School of Law where he served on Law Review, and graduated from Boston College's Carroll School of Management Honors Program while competing as a Division I basketball walk-on.

He serves as Director of Sports, Entertainment & Gaming Initiatives at Seton Hall Law and runs the Annual Gaming Law Bootcamp, which attracts 150+ attendees annually. He is a former NFLPA-Certified Player Agent and published Symposium Editor of the Seton Hall Legislative Journal.

Learn more about Andrew R. Jacobs

Contact Us

Email: admin@jacobscounsellaw.com

Phone: (646) 783-4056

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Navigating the Legal Maze of Skill-Based Gaming in the United States

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Prediction Markets 101 — History and Current Status