Stephen Piepgrass, leader of Troutman Pepper Locke’s Regulatory Investigations, Strategy + Enforcement Practice Group, was quoted in the January 9, 2026 CNBC Sport article, “CNBC Sport: WNBA and Players Dig in Their Heels as CBA Deadline Set to Expire.”

  • “The fact that this was a very new account, traded only on probabilities around U.S. intervention in Venezuela, and traded a substantial amount on the proposition … make this very suspicious,” said Stephen Piepgrass, an attorney specializing in gaming, predictions and state regulatory investigations.
  • Piepgrass told me, “Users can open accounts anonymously and can make trades and receive payments by cryptocurrency, making enforcement difficult, if not impossible.”
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