Mich. Judge Opens Door For Prediction Market Enforcement

By Alex Lawson

Polymarket and Robinhood may soon face enforcement efforts from Michigan regulators after a federal judge ruled Wednesday that he saw little difference between the prediction market platforms' sports contract offerings and conventional sports betting.

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Kentucky AG Says Kalshi And Polymarket Offerings Are Illegal

By Rae Ann Varona

Kentucky's attorney general on Wednesday lodged three lawsuits accusing prediction market platforms Kalshi and Polymarket, and online casino platform VGW, of violating the state's consumer protection and gambling laws by offering unlicensed sports wagering in the state, and running illegal and addictive sweepstakes casino websites.

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SEC Faces Call To Write Rules For Crypto Wallet Apps

By Jessica Corso

The Securities Industry and Financial Markets Association is calling on the U.S. Securities and Exchange Commission to write rules outlining when companies providing access to cryptocurrency wallets must register as brokers, saying that a recent staff statement on the issue represents "a significant departure" from past agency practice.

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OCC Warns Charter Hopefuls Against Incomplete Applications

By Jon Hill

The Office of the Comptroller of the Currency said Wednesday that it will send back incomplete regulatory applications without a review and will start publishing its denial decisions, putting bank charter hopefuls and other corporate filers on notice.

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FTX Exec's Wife Must Face Campaign Finance Charges

By Hailey Konnath

A New York federal judge Wednesday refused to throw out an indictment accusing crypto lobbyist Michelle Bond of campaign finance crimes, rejecting her argument that prosecutors previously promised her husband, a former FTX executive, that his guilty plea would mean she's in the clear.

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Novig Gets CFTC Designation As Sports Prediction Market

By David Steele

Novig, which began as a sports betting app and evolved into a sports-focused prediction market, now has the official approval of the U.S. Commodity Futures Trading Commission as a designated contract market, the company said Tuesday.

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Bipartisan Sens. Condemn Bankman-Fried's Pardon Bid

By Aislinn Keely

The top members of a cryptocurrency-focused Senate subcommittee on Wednesday introduced a bipartisan resolution condemning Sam Bankman-Fried's bid for a presidential pardon, saying that "under no circumstances" should the convicted FTX founder receive executive clemency.

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Brief

Crypto Mining Firm Gets $11M Award Confirmed

By Spencer Brewer

A Texas federal court confirmed a crypto mining company's $11 million arbitration award after the opposing party failed to show up at an arbitration hearing and then failed to respond or appear before the federal court.

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Visa, Mastercard Say 'Old' Deal Bars 'New' Merchant Suit

By Bryan Koenig

Visa and Mastercard asked a New York federal court to shut down a new proposed class action from merchants seeking to get around the future claims release in the credit card companies' $5.6 billion transaction fees antitrust settlement, arguing the new merchants are clearly bound by the old deal.

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Nasdaq Private Market Says Rival Poached Staff And Secrets

By Katryna Perera

A Nasdaq marketplace for pre-IPO stock has filed suit against a competitor, alleging that it has poached employees and clients, stolen trade secrets and other confidential information, and infringed its patented technology in an effort to acquire what Nasdaq has built without fairly competing.

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A New Wave Of Prediction Market Risk Is About To Break

The convergence of three potential new risks — shareholder derivative suits, evolving disclosure requirements and congressional investigations — means that prediction market exposure has graduated from an interesting hypothetical to a company's audit committee agenda item, say attorneys at King & Spalding.

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Opinion

Rule Of Law Requires Gov't Engagement With Bar, Not Retreat

A federal agency's absence from national and local bar conferences, most recently illustrated by the U.S. Department of Justice's withdrawal from a New York City Bar Association white collar conference, disserves the bar, the government lawyers themselves and, ultimately, the administration of justice, says Muhammad Faridi at Linklaters.

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Judiciary Cites AI Deepfakes In Opposing Courtroom Cameras

By Courtney Bublé

Two bipartisan bills to bring cameras into federal courtrooms advanced Thursday, but the policymaking body for the federal judiciary continues to oppose them and raised the issue of deepfakes in the age of artificial intelligence.

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NJ Tax Court Protects Taxpayer Methodology Ahead Of Trial

By Jaqueline McCool

A New Jersey tenant appealing the property tax assessment of a legacy data center is not required to provide the township with a detailed methodology of its assessment challenge prior to the case's trial, the state Tax Court ruled.

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Trump Lawyer Advances In Senate Judiciary Noms Vote

By Courtney Bublé

The nomination of Matthew Schwartz to be a judge on the Second Circuit advanced out of committee Thursday.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

General counsel may cringe at the news, but their chief financial officers will rejoice over a new study that shows the average spending by legal departments dropped to a six-year low in 2026. And two in-house Cigna lawyers are at the center of a finding of "improperly asserted privilege" over key company documents related to a payment lawsuit brought by three labs.

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Gibson Dunn Hires Ropes & Gray Health Regulatory Atty In DC

By Jack Rodgers

Gibson Dunn & Crutcher LLP has hired a former Ropes & Gray LLP partner, who works with a myriad of health regulatory and drug pricing matters, advising pharmaceutical manufacturers, investors and other entities on those issues, the firm announced Thursday.

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Calif. Moves On Proposal To Allow Legal Aid By Nonlawyers

By Lynn LaRowe

The California Supreme Court has directed the state bar to solicit public comments on a proposed community justice worker program that would allow nonlawyers to provide limited legal assistance under the supervision of qualified legal aid organizations, according to a Thursday announcement.

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Analysis

Law Students Undeterred Under Trump's Immigration Climate

By Britain Eakin

In a climate where immigration lawyers are coming under the Trump administration’s scrutiny to tamp down on asylum fraud, law students are being ignited to enter the workforce early and rectify the injustices they see.

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