9th Circ. Judge Rips 'Sophistry' By Online Prediction Markets

By Dorothy Atkins

A Ninth Circuit judge appeared skeptical Thursday of requests by KalshiEX LLC, Crypto.com and Robinhood to block Nevada from enforcing state gambling laws against sports and election-related contracts, telling Robinhood's counsel "I don't buy" the companies' regulatory interpretation and slamming a Crypto.com argument as "sophistry to the nth degree."

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Kalshi Rejects Returning Enforcement Case To State Court

By Susan Smiley

Prediction market platform Kalshi contends that a suit brought against the company by Michigan's attorney general alleging violations of state gambling laws should stay in federal court and not be remanded to state court.

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Ex-NBA Player Jones Expected To Plead Guilty In Betting Case

By Craig Clough

Former NBA player Damon Jones is expected to enter a guilty plea in the sports betting scandal where he allegedly peddled secret information to bettors about players, including former teammate LeBron James, according to a docket entry Thursday.

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CFTC's Selig Pushes Back On Lawmakers' Staffing Concerns

By Aislinn Keely

U.S. Commodity Futures Trading Commission Chair Michael Selig on Thursday dismissed lawmakers' concerns that his agency may be understaffed for a widening mandate that includes policing prediction markets, and insisted he won't delay rulemaking while he waits for the president to appoint other commissioners.

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IRS Proposes Regs For $2K Gambling Reporting Level

By Kat Lucero

The IRS unveiled proposed regulations Thursday to implement a higher threshold of $2,000 for when gambling businesses must report payouts to the government — including winnings from bingo, keno and slot machines — reflecting changes in the 2025 budget law.

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DraftKings Hacker Gets 30 Mos. After New Online Misconduct

By Pete Brush

A Manhattan federal judge handed down a 30-month prison sentence Thursday to a Tennessee e-commerce entrepreneur who admitted to scheming to hack accounts on the DraftKings sports betting site, citing his alleged criminal misconduct after pleading guilty.

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Fanatics, Sports Leagues Push For Exit In Trading Card Suit

By Tom Lotshaw

Fanatics Inc., the NBA, the NFL and MLB told a New York federal judge her dismissal of an antitrust suit brought by consumers who bought trading cards from Fanatics should also sink a class action lodged by indirect purchasers.

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WTA Says Player Can't Rehash Failed Doping Defense

By Ganesh Setty

The Women's Tennis Association urged a New York federal court to confirm an American arbitrator's finding that British player Tara Moore couldn't relitigate her doping violation, noting that a Switzerland-based arbitration panel already rejected the claims she raised in American arbitration.

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Nixon Peabody Names Entertainment And Sports Team Heads

By Tracey Read

Nixon Peabody LLP has appointed two new leaders for its growing entertainment and sports practice, to which it also added a pair of Los Angeles-based associates.

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Series

Isshin-Ryu Karate Makes Me A Better Lawyer

My involvement in martial arts, specifically Isshin-ryu, which has principles rooted in the eight codes of karate, has been one of the most foundational in the development of my personality, and particularly my approach to challenges — including in my practice of law, says Kaitlyn Stone at Barnes & Thornburg.

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Another Record-Breaking Year For NY Lobbying: Watchdog

By Andrea Keckley

The amount of money spent on lobbying in New York state reached a new high — again — in 2025 despite lower dollar amounts from that year's top spenders, a state ethics and lobbying watchdog said Thursday.

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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 Aston Martin file an appeal in a row with Chinese carmaker Geely over its winged logo for London black cabs, Ineos sue Ben Ainslie's America's Cup team for a £180 million ($244 million) boat, White & Case face a claim from two energy storage companies, and a golf tour company bring a claim against Saudi Arabia's sovereign wealth fund after the fund invested in its rival.

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Alaska-Hawaiian Merger Judge Mulls DQ Over O'Melveny Ties

By Craig Clough

The parties in a consumer lawsuit challenging Alaska Airlines' 2024 acquisition of Hawaiian Airlines have been notified that the federal judge recently assigned to the case intends to disqualify himself unless they sign a waiver over one of his retirement accounts being tied to O'Melveny & Myers LLP, which is representing Alaska Airlines.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

New data found that some companies are being wary during the 2026 proxy season by negotiating deals behind closed doors rather than allowing shareholders to vote on issues. In the meantime, a report showed that the higher annual rate growth for outside counsel fees that began in 2022 has become the new normal. These are some of the stories in corporate legal news you may have missed in the past week.

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Law360's Legal Lions Of The Week

By Kevin Penton

Winston & Strawn LLP leads this week's edition of Law360 Legal Lions, after a New York federal jury found that Live Nation and its Ticketmaster subsidiary harmed competition in the live entertainment sector by willfully monopolizing ticketing services.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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Roundup

Balancing The Scales: Juror Bias, First For Revenge Porn Law

By Orlando Lorenzo

The California Supreme Court tossed the conviction and death sentence in a double slaying over the trial court's failures to investigate claims of juror bias, and an Ohio man is believed to be the first person in the nation convicted under a federal law intended to battle revenge porn.

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