The U.S. Commodity Futures Trading Commission and Kentucky regulators dueled over whether the state's attempts to tax and limit sports-focused event contracts have harmed the federal agency in competing bids for a quick win in their ongoing dispute over prediction market regulation.
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WEDNESDAY, AUGUST 26, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

CFTC, Kentucky Vie For Early Win In Prediction Market Clash

By Aislinn Keely

The U.S. Commodity Futures Trading Commission and Kentucky regulators dueled over whether the state's attempts to tax and limit sports-focused event contracts have harmed the federal agency in competing bids for a quick win in their ongoing dispute over prediction market regulation.

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Tribes, Exchanges Weigh In On SEC, CFTC Swaps Proposal

By Jessica Corso

Native American tribes are among those weighing in on the U.S. Commodity Futures Trading Commission and the U.S. Securities and Exchange Commission's attempts to redefine a swap, urging the agencies not to place sports betting contracts under their purview as the contracts strip a "vital source of funding" from the tribes and violate the Indian Gaming Regulatory Act.

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Binance To Add 2 Compliance Veterans From Crypto.com

By Aislinn Keely

Crypto exchange Binance Holdings Ltd. confirmed Tuesday that it is bringing on two compliance executives from Crypto.com.

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LITIGATION

Athena Bitcoin Hit With Texas Class Suit Over ATM Scams

By Sydney Price

A Texas resident has hit crypto ATM operator Athena Bitcoin with a proposed class action accusing it of failing to flag transactions that exceed its daily transaction limits, which allowed scammers to dupe him out of nearly $30,000 that has not been returned.

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DEALS

2 Firms Guide Windjammer's $350M Smart Parking Co. Sale

By Isaac Monterose

Private equity investor Windjammer Capital will sell its smart parking infrastructure company IPS Group Inc. to online commerce platform Nayax Ltd. in a $350 million all-cash, no-debt sale guided by Kirkland & Ellis LLP and Reed Smith LLP, Windjammer and Nayax announced Tuesday.

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PEOPLE

Ex-OCC Counsel Joins Clark Hill's Banking Practice

By Jon Hill

Clark Hill PLC has expanded its financial services regulatory roster with the addition of a longtime member of the Office of the Comptroller of the Currency's law department who advised on bank exam issues, appellate litigation and corporate applications at the national bank regulator.

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Ex-DOJ Fraud Attys Switch To Civil Focus At Boutique Firm

By Phillip Bantz

Criminal fraud prosecutors commonly pursue careers as white collar defense lawyers after exiting the U.S. Department of Justice, but a group of ex-DOJ lawyers who have recently joined national litigation boutique AXS Law Group are embarking on a path less traveled.

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EXPERT ANALYSIS

EU's Russian Crypto Sanctions Call For Layered Compliance

The European Union's recently adopted Russia crypto sanctions package marks a significant escalation in enforcement, making it prudent to adopt a stratified compliance approach capable of identifying indirect measures via decentralized finance, cross-chain infrastructure, stablecoins and other blockchain-native services, says Kevin Strenski at Nardello.

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Opinion

A Guiding Principle For The SEC On Exempt Capital Markets

The U.S. Securities and Exchange Commission's recently proposed Regulation Crypto Assets borrows selectively from other capital-raising exemptions while giving crypto issuers materially different terms, and those unexplained differences reveal the need for a regulatory approach of presumptive parity, says Brian Christie at the Crowdfunding Professional Association.

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What To Know As Legal Duty To Consider AI Takes Shape

While the U.K. Jurisdiction Taskforce’s recent statement on liability for artificial intelligence harms is nonbinding for both U.K. and U.S. lawyers, it highlights the importance of being able to distinguish between the availability of a tool and a professional obligation to use it, say Jonny Frank and Michael Costa at StoneTurn.

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LEGAL INDUSTRY

Firm Revenue Climbs 12.4% In First Half Of 2026

By Daniel Moritz-Rabson

Record billing rate gains, strong demand and increased productivity fueled a successful start to the year for the legal industry, according to a report released Tuesday.

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Florida AG Slams Bar Complaint Against DHS Counsel

By Madison Arnold

Florida Attorney General James Uthmeier wrote to the executive director of the Florida Bar to criticize a recent complaint made to the bar against James Percival, general counsel of the U.S. Department of Homeland Security, for attacking judges.

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Legal Watchdog Lodges Bar Complaint Against Jeanine Pirro

By Hailey Konnath

The Legal Accountability Center said Tuesday that it filed a bar complaint against U.S. Attorney Jeanine Pirro, claiming that she abused her position to unjustifiably target Democratic lawmakers after they released a video reminding members of the military and intelligence community that it's their duty to refuse unlawful orders.

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6th Circ. Says Judge Can't Escape Teen Mock Arrest Suit

By Susan Smiley

A Sixth Circuit panel on Monday allowed to proceed a Michigan federal lawsuit filed against a Detroit judge who handcuffed a 15-year-old student and subjected her to a mock trial after she fell asleep in his courtroom, ruling that judicial immunity does not protect him.

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Watchdog Wants NY Judge Ousted Over Retaliatory Suit

By Rose Krebs

The New York State Commission on Judicial Conduct has determined a state judge should be removed from office for filing a retaliatory defamation suit against an eye-care worker who had lodged an ethics complaint over the judge refusing to wear a mask in an office in 2021.

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NY Times Says EEOC Dragging Feet On Anti-White Bias Info

By Grace Elletson

The New York Times Company has sued the U.S. Equal Employment Opportunity Commission, claiming the anti-discrimination watchdog flouted federal law by failing to respond to requests for records of communications with conservative legal groups and agency efforts to investigate claims of bias against white workers.

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Colo. Judge Ships $8.3M Messner Reeves Fraud Suit To Utah

By Zach Dupont

A Colorado federal judge granted a motion Monday from law firm Messner Reeves LLP to move a lawsuit accusing the firm of stealing more than $8 million as part of a fraudulent loan scheme to Utah after finding the venue was the proper forum to litigate the claims.

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Tort Report: Mass. Jury Delivers Record Amazon Crash Verdict

By Y. Peter Kang

A record personal injury verdict against Amazon in a crash case and Aerosmith frontman Steven Tyler's upcoming sex abuse trial lead Law360's Tort Report, which compiles recent personal injury and medical malpractice news that may have flown under the radar.

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COMPANIES IN TODAY'S NEWS

Amazon.com Inc.

American Bar Association

American Express Co.

Athena Bitcoin Inc.

Binance Holdings Ltd.

CME Group Inc.

Coinbase Global Inc.

Coinme

Federalist Society

Financial Industry Regulatory Authority Inc.

Golden Gate University

Harvard University

LinkedIn Corp.

Nardello & Co. LLC

Nasdaq Inc.

Nayax Ltd.

Outcome Health

Rabobank

Rhapsody International Inc.

Sberbank of Russia

StoneTurn Group LLP

The Florida Bar

The New York Times Co.

The Western Union Co.

Wells Fargo & Co.

YouTube Inc.

LAW FIRMS IN TODAY'S NEWS

AXS Law Group

Chase Law & Associates

Clark Hill

Consovoy McCarthy

Dann Law Firm

Emery Celli

Fieger Law

Gordon Rees

Kirkland & Ellis

Messner Reeves

Perkins Law

Perkins Law Group PLLC

Reed Smith

Spencer Fane

GOVERNMENT AGENCIES IN TODAY'S NEWS

Commodity Futures Trading Commission

Commonwealth of Kentucky

Equal Employment Opportunity Commission

European Union

Financial Crimes Enforcement Network

Florida Supreme Court

Iowa Tribe of Oklahoma

Mashantucket Pequot Tribal Nation

Missouri Attorney General's Office

New York State Commission on Judicial Conduct

Office of the Comptroller of the Currency

U.S. Court of Appeals for the Seventh Circuit

U.S. Court of Appeals for the Sixth Circuit

U.S. Department of Defense

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. Department of the Treasury

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. District Court for the District of Columbia

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

U.S. District Court for the Eastern District of New York

U.S. District Court for the Southern District of New York

U.S. Navy

U.S. Securities and Exchange Commission

United States District Court for the District of Colorado

United States District Court for the District of Utah