Polymarket Tricks Young People Into Gambling, Suit Says

By Aislinn Keely

An association of attorneys and consumer advocates accused Polymarket and its executives Friday of crafting "flagrantly deceptive and unfair marketing" that draws Americans, especially college students, to its prediction market platform.

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CashCall Accuses Vought's CFPB Of Settlement Rug Pull

By Jon Hill

Lender CashCall Inc. has accused the Consumer Financial Protection Bureau of unfairly walking away from negotiations to reduce its $157 million enforcement judgment in California federal court, detailing behind-the-scenes talks that include claims the agency's top lawyer was initially angry with the company for hiring appellate attorney Paul Clement for its defense.

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SEC, CFTC Seek Input To Align Portfolio Margining Rules

By Aislinn Keely

The U.S. Commodity Futures Trading Commission and U.S. Securities and Exchange Commission on Friday issued a joint call for feedback on ways they can align their respective portfolio margining requirements to clear the path for leveraged trading involving both equities and derivatives markets.

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Kalshi Loses Bid To Keep Mich. Gambling Suit In Fed. Court

By Katryna Perera

A Michigan federal judge has remanded to state court a suit by Michigan's attorney general against Kalshi over claims the prediction market platform is violating state gambling laws, finding Kalshi failed to sufficiently argue that the suit should remain in federal court.

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High Court To Issue Big Decisions In Term's Final Days

By Katie Buehler

As the U.S. Supreme Court enters the final days of its term, the justices still have several major decisions to issue, including some concerning birthright citizenship, the president's power to remove independent agency officials, transgender athletes and election rules. 

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PACER Fees Will Rise To Fund Cyber Defense Upgrades

By Bonnie Eslinger

The federal judiciary announced Friday it will temporarily increase the fees for electronic access to court records to pay for a potential $800 million upgrade that will modernize and strengthen court records systems PACER and CM/ECF, an upgrade it previously said is needed to respond to escalating cyberattacks.

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Fintech Execs Tell 11th Circ. Token Wasn't Security

By Carolina Bolado

Two former executives at fintech company Hydrogen Technology Corp. have asked an Eleventh Circuit panel to vacate their convictions and sentences, arguing there was insufficient evidence to support the charges that they conspired to manipulate the market for Hydrogen's digital assets.

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'OnlyFake' Website Creator Headed Home After Year In Jail

By Pete Brush

A Manhattan federal judge put a technology developer from Ukraine on track to fly home Friday, calling the year he has already spent behind bars sufficient punishment for operating an artificial intelligence-driven identification-faking website called "OnlyFake."

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Ex-Celsius Exec Fights For Share Of D&O Defense Fund

By Danielle Ferguson

A former executive for the bankrupt cryptocurrency firm Celsius Network has told a New York federal court that he is entitled to directors and officers liability coverage for his costs defending a criminal case in which he pled guilty to manipulating the price of the firm's crypto token.   

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

The past week in London has seen Michelle Mone sued by PPE Medpro, Broadfield Law sued by the founders of an international aid company, and litigation funder Fortress bring a claim against Edwin Coe and businesses the law firm represented in a cartel claim.

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Don't Miss It: Sidley, Cooley Steer Hot Deals

By Jade Martinez-Pogue

A lot can happen in the world of mergers and acquisitions and equity fundraising over the course of a couple of weeks, and it's difficult to keep up with all the deals. Here, Law360 recaps the ones you may have missed, including transactions helmed by Sidley Austin LLP and Cooley LLP.

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Assessing Issues The CFTC's Sports Betting Rules May Face

The U.S. Commodity Futures Trading Commission recently proposed a rule to consolidate its control of sports bets made on prediction market trading platforms, but problems may arise from possible conflicts between the proposed changes and state laws — and maybe even the Commodity Exchange Act itself, says David Slovick at Kopecky Schumacher.

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3rd Circ. Decision Sheds Light On BIPA Bank Exemption

The Third Circuit's recent decision in McGoveran v. Amazon illuminates how courts are extending the Illinois Biometric Information Privacy Act's financial institution carveout beyond banks and insurers to technology vendors and other businesses handling biometric data, a defendant-friendly shift that still casts uncertainty around BIPA's enforcement, say attorneys at Dorsey & Whitney.

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Opinion

State Courts Must Be Gatekeepers Of Expert Testimony

Based on my experience in the state judiciary, emulating federal courts' role as gatekeepers of expert witness testimony would help state court judges maintain the appearance of impartiality and assist juries, thus enhancing the overall confidence people have in their justice system, says Lorie Gildea at Greenberg Traurig.

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Justices Strike Down Humphrey's Presidential Firing Limits

By Katie Buehler

The president has unlimited authority to fire members of independent agencies, the U.S. Supreme Court ruled Monday in a major win for President Donald Trump's campaign against officials at the Federal Trade Commission and beyond.

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Insurer Says Firm, Atty Not Covered For Malpractice Claim

By Hope Patti

A Georgia law firm and attorney are not entitled to coverage for a legal malpractice claim brought by a former client who said their handling of an underlying lawsuit resulted in a nearly $600,000 default judgment against him, the firm's professional liability insurer told a federal court.

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Harris Beach Murtha To Combine With Peabody & Arnold

By Christine DeRosa

Harris Beach Murtha Cullina PLLC is set to expand its footprint in the Northeast through a combination with Boston firm Peabody & Arnold LLP.

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Greenberg Traurig Hires Nuclear Commission Veteran In DC

By Jack Rodgers

Greenberg Traurig LLP has hired a U.S. Nuclear Regulatory Commission leader, who spent 18 years there, most recently as deputy assistant general counsel for materials, fuel cycle and waste programs, the firm announced Monday.

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Ex-Pa. AG, Trump Defense Firm Want Malpractice Claims Axed

By James Boyle

An elections nonprofit is seeking to keep alive its malpractice claim against the former acting attorney general of Pennsylvania and his firm, van der Veen Hartshorn & Levin, filing a quick response over the weekend to a motion to dismiss its amended complaint in Pennsylvania federal court.

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Justice Jackson Tops High Court Book Earnings In 2025

By Ryan Boysen

U.S. Supreme Court Justice Ketanji Brown Jackson made nearly $1.2 million in book royalties last year, bringing her total to $4.14 million and making her the most highly compensated author on the high court, according to financial disclosure forms released Monday.

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Brief

NC 'Faithful Slaves' Monument Suit To End In Settlement

By Abigail Harrison

North Carolina residents are nearing a settlement in their lawsuit against a county alleging a monument that commemorates "faithful slaves" considered loyal to the South during the Civil War is unconstitutional, according to a notice filed in North Carolina federal court.

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Analysis

The End Of An 'Independent' FTC

By Bryan Koenig

Federal Trade Commission members, responsible for merger review, antitrust enforcement, consumer protection safeguards and rulemaking, and industry analysis, no longer serve at a remove from presidential authority, thanks to Monday's U.S. Supreme Court ruling that could dramatically remake the FTC and other independent agencies.

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Judge Limits Vegas Trip For BigLaw Insider Trading Defendant

By Julie Manganis

A Massachusetts federal magistrate judge said Monday a defendant described by prosecutors as a "lynchpin" in the BigLaw insider trading case must limit a planned visit to Las Vegas next month to just two nights, saying she also has "concerns about the validity" of a financial statement he provided to obtain a federal defender.

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