The U.S. Commodity Futures Trading Commission has sent a proposal outlining certain prediction market data reporting requirements to the White House for review, adding to its push to set rules and assert jurisdiction over fast-growing prediction markets.
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WEDNESDAY, JUNE 17, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

CFTC Advances Prediction Market Data Reporting Plan

By Aislinn Keely

The U.S. Commodity Futures Trading Commission has sent a proposal outlining certain prediction market data reporting requirements to the White House for review, adding to its push to set rules and assert jurisdiction over fast-growing prediction markets.

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6th Circ. Says CFTC Can't Argue In Kalshi, Ohio Betting Fight

By Katryna Perera

The Sixth Circuit denied a bid by the U.S. Commodity Futures Trading Commission to appear as an amicus during oral arguments in Kalshi's appeal of a lower court ruling denying it a temporary enforcement shield in the prediction market platform's dispute with Ohio state officials.

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Kalshi Shared Private User Data With Third Parties, Suit Says

By David Steele

A California man has hit Kalshi Inc. with a proposed class action in federal court, accusing the prediction market of illegally sharing its users' personal information through LinkedIn and Google website tracking codes.

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CFPB Scraps 'Outdated' Credit Access Program Guidelines

By Jon Hill

The Consumer Financial Protection Bureau is withdrawing a 2020 advisory that gave lenders a road map for offering specially designed credit access programs for underserved communities, saying the guidance is "now outdated" after the agency's recent fair lending rule rollback.

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NJ Launches Push To Crack Down On Consumer 'Junk Fees'

By Jon Hill

New Jersey officials are declaring war on "junk fees" in the state with tighter regulation and enforcement, the latest state-level move to step up consumer protection efforts amid the Trump administration's pullback at agencies like the Consumer Financial Protection Bureau.

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POLICY & REGULATION

Dems Press Treasury, DOJ On Binance Sanctions Compliance

By Aislinn Keely

A group of Senate Democrats led by Adam Schiff, D-Calif., is pressing the U.S. Treasury Department and Justice Department for updates on the oversight of crypto exchange Binance in light of reports that the platform has facilitated Iranian sanctions evasion and maintains ties to members of the Trump administration.

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ENFORCEMENT & COMPLIANCE

NC Man Must Pay $36K To End SEC's Suit Over 'Free-Riding'

By Abigail Harrison

A U.S. Securities and Exchange Commission lawsuit accusing a North Carolina man of taking advantage of broker-dealer services to trade hundreds of thousands in securities despite not having the funds came to an end Monday in a final judgment after he failed to appear.

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BANKRUPTCY

Crypto Firm BlockFills Gets OK For $3.25M Ch. 11 Sale

By Clara Geoghegan

A Delaware bankruptcy judge on Tuesday agreed to approve the $3.25 million sale of cryptocurrency financial technology firm BlockFills to a Belgian digital asset investment group as BlockFills prepares for a Chapter 11 plan confirmation hearing.

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EXPERT ANALYSIS

Fannie, Freddie AI Rules Raise Stakes For Mortgage Lenders

Artificial intelligence governance frameworks recently released by Fannie Mae and Freddie Mac impose monitoring and vendor oversight standards on mortgage lenders, potentially reshaping secondary-market eligibility, fair lending reviews and risk management as compliance deadlines approach, says Brendan Palfreyman at Harris Beach.

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Decoding Arbitral Disputes: Curial Review Limits In Singapore

The Singapore International Commercial Court's recent decision to dismiss an application for supervisory relief from a Singapore International Arbitration Centre final costs award illustrates the limits of converting adverse financial consequences into public policy objections, even where the commercial result is severe, says Josep Galvez at 4-5 Gray's Inn.

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The Paradoxical Duty To Adopt AI When You Can't Bill For It

Both billing for hours saved using artificial intelligence and preserving billable time by not adopting AI may violate rules of professional conduct, but until bar associations' ethics rules catch up to this emerging economic dilemma, firms must decide how to adjust fee structures themselves, says Ines Lassalle at Peyrot & Associates.

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LEGAL INDUSTRY

These Firms Secured The Most Damages In The Last 3 Years

By Daniel Moritz-Rabson

Government lawyers had a strong success rate in federal courts over the last three years, but intellectual property litigation saw certain firms secure damage awards worth hundreds of millions of dollars for clients, according to Lex Machina's Law Firms Activity Report 2026 released on Tuesday.

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Ex-Girardi Atty Hid Firm's Diversion Of Funds, State Bar Says

By Bonnie Eslinger

A State Bar of California prosecutor argued Tuesday at a disciplinary trial that ex-Girardi Keese attorney Robert Finnerty hid the firm's misappropriation of millions of dollars from a family's $53 million settlement, while Finnerty's counsel countered he's being blamed for the actions of his former boss, convicted and disbarred attorney Tom Girardi.

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SCOTUSblog Founder Goldstein Denied Acquittal Or Retrial

By Alison Knezevich

A Maryland federal judge on Tuesday denied SCOTUSblog founder Tom Goldstein's bid for an acquittal or new trial, rejecting his claims that issues with jury instructions and excluded evidence warranted a do-over in his tax evasion and mortgage fraud case.

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Ex-Judge Loses Bid To Undo ICE Obstruction Conviction

By Britain Eakin

Former Wisconsin state judge Hannah Dugan has failed in her attempt to use a Fourth Circuit decision to vacate her conviction for helping a defendant in her courtroom evade immigration agents, with a federal judge ruling Tuesday the decision involves fact patterns that differ from her case.

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Senate Rejects Bid To Block Fast-Track Immigration Appeals

By Courtney Bublé

A Democratic-led Senate resolution that would have blocked a U.S. Department of Justice rule directing its Board of Immigration Appeals to quickly dismiss cases that don't raise "novel" issues failed to pass Tuesday.

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Blanche To Go Before Senate Panel July 15

By Courtney Bublé

Acting U.S. Attorney General Todd Blanche's nomination hearing is a month away, and the fate of his confirmation is likely in the hands of Sens. Thom Tillis, R-N.C., and John Cornyn, R-Texas.

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Oral Arguments In Comey, James Appeal Set For September

By Aneeta Mathur-Ashton

The Fourth Circuit has scheduled in-person oral arguments for the Trump administration's appeal of the dismissals of indictments against former FBI Director James Comey and New York Attorney General Letitia James for Sept. 15-18.

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Brazil Says Justice Is Immune From Trump Media's Suit

By Carolina Bolado

Brazil asked Monday to intervene and dismiss a suit by President Donald Trump's media company and online video-sharing platform Rumble Inc. against a Brazilian Supreme Federal Court justice's gag orders, saying the suit cannot overcome immunity under the Foreign Sovereign Immunities Act.

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COMPANIES IN TODAY'S NEWS

Amazon.com Inc.

American Bar Association

American Civil Liberties Union

Binance Holdings Ltd.

Chicago Blackhawks

Federal National Mortgage Association

Ford Motor Co.

Freddie Mac

Google LLC

Kalshi Inc.

Lex Machina Inc.

LexisNexis Legal & Professional

LinkedIn Corp.

Major League Baseball Inc.

Meta Platforms Inc.

National Fair Housing Alliance

New York State Bar Association

PG&E Corp.

PGA TOUR Inc.

RELX PLC

Reliz Ltd.

Singapore International Arbitration Centre

State Bar of California

The Florida Bar

Twitter Inc.

United Nations Commission on International Trade Law

LAW FIRMS IN TODAY'S NEWS

4 5 Gray's Inn Square

Abir Cohen

Baughman Kroup

Berger Montague

Boies Schiller

Bondurant Mixson

Bursor & Fisher

Butler Prather

Carmichael Ellis

Clement & Murphy

Cooley LLP

DLA Piper

Flannery Georgalis

Foley Hoag

Gibson Dunn

Gillam Smith

Gimbel Reilly

Girardi & Keese

Gordon Rees

Gupta Wessler

Harris Beach Murtha

Holland & Knight

Irell & Manella

Jones Day

Kellogg Hansen

King & Spalding

Kirkland & Ellis

Levine Lee

Lowell & Associates

M.D. Gibson & Bolen

McDermott Will & Schulte

Milbank LLP

Munger Tolles

Ogletree Deakins

Page Scrantom

Peyrot & Associates

Reed Smith

Rosing Pott

Skadden Arps

Strang Bradley

Troutman

Vorys

GOVERNMENT AGENCIES IN TODAY'S NEWS

Commodity Futures Trading Commission

Consumer Financial Protection Bureau

Executive Office of the President

Federal Bureau of Investigation

Federal Housing Finance Agency

Federal Trade Commission

Internal Revenue Service

New York Attorney General's Office

Ohio Attorney General's Office

U.S. Attorney's Office for the District of Maryland

U.S. Attorney's Office for the Eastern District of Wisconsin

U.S. Bankruptcy Court for the District of Delaware

U.S. Court of Appeals for the Fourth Circuit

U.S. Court of Appeals for the Sixth Circuit

U.S. Department of Justice

U.S. Department of the Treasury

U.S. District Court for the District of Columbia

U.S. District Court for the District of Maryland

U.S. District Court for the District of South Carolina

U.S. District Court for the Eastern District of North Carolina

U.S. District Court for the Eastern District of Virginia

U.S. District Court for the Middle District of Florida

U.S. District Court for the Southern District of California

U.S. House of Representatives

U.S. Securities and Exchange Commission

U.S. Supreme Court

United States District Court for the Eastern District of Wisconsin