Sports & Betting

  • May 07, 2026

    Kalshi Nets $1B Fundraise, Reaches $22B Valuation

    Kalshi, guided by Cooley LLP, announced Thursday that it raised $1 billion for its Series F fundraising round as it reached a $22 billion valuation.

  • May 07, 2026

    Zillow, Redfin Can't Escape FTC's Antitrust Suit Over Ad Pact

    A Virginia federal judge denied Zillow and Redfin's bid Wednesday to toss the Federal Trade Commission's suit accusing the companies of colluding through a $100 million payment to stop competing on multifamily rental listings, ruling that the "fact-intensive nature" of the commission's complaint justifies it surviving past the pleading stage.

  • May 07, 2026

    NC Lawmakers May Shield Athlete Payments From Public View

    Lawmakers in North Carolina are forging ahead with new legislation that would keep payments made from the state's public universities to its athletes shielded from public disclosure in a bid to stay competitive in the free-spending college sports era.

  • May 07, 2026

    Barnes & Thornburg Lands Nixon Peabody Entertainment Trio

    Three entertainment attorneys from Nixon Peabody LLP have moved their practice to Barnes & Thornburg LLP in Los Angeles and Nashville, Tennessee, the firm announced Thursday.

  • May 07, 2026

    IOC Lifts Olympic Ban On Belarus, But Russia Still Out

    The International Olympic Committee lifted its ban on Belarus on Thursday, saying that athletes deserve to compete despite the actions of their countries, but continued the suspension of Russia imposed after its 2022 invasion of Ukraine.

  • May 07, 2026

    Bowlers Sue Lucky Strike Over 'Starbucks Of Bowling' Tactics

    Lucky Strike has been engaging in a yearslong anticompetitive scheme to acquire rival bowling alleys across the United States so it can drive up costs and increase its own profits, while diminishing the experience of bowlers, a group of customers has alleged.

  • May 06, 2026

    Mr. America Owner Claims Bodybuilder Ripped Off Brand

    The company behind the Mr. America bodybuilding competition has sued a former bodybuilder, claiming he abruptly rebranded his entire company this year to start using the "Mr. America" mark.

  • May 06, 2026

    Agency Says Rival Poached NCAA Player During Buyout Talks

    An Arkansas-based sports agency sued a North Carolina rival in Michigan federal court on Wednesday, accusing the company of using acquisition negotiations as a pretext to obtain confidential client information and poach a basketball player with lucrative name, image and likeness, or NIL, opportunities.

  • May 06, 2026

    Joe Gibbs Racing Adding To Claims Rivals Stole Trade Secrets

    Joe Gibbs Racing LLC has asked a North Carolina federal court to let it add allegations to its suit against a rival NASCAR team, to prove that its employee was hired away specifically to bring its trade secrets with him.

  • May 06, 2026

    Fed. Circ. Backs Atty Fees In Bicycle Design Patent Case

    The Federal Circuit on Wednesday agreed with a Massachusetts federal judge that a case related to a set of design patents for a bicycle warranted attorney fees being awarded to Hyper Bicycles Inc., saying the judge's finding that the case was weak and unnecessarily dragged out was supported by the evidence.

  • May 06, 2026

    Justices Asked To Review 'More Than An Athlete' TM Fight

    A Maryland youth nonprofit has asked the U.S. Supreme Court to review a Federal Circuit decision that allowed a company affiliated with LeBron James to cancel its trademark registration for "I Am More Than An Athlete" based on common-law rights.

  • May 06, 2026

    Fed. Circ. Affirms DraftKings' PTAB Loss Wasn't 'Clerical Error'

    The Federal Circuit on Wednesday backed the Patent Trial and Appeal Board's decision to uphold one claim of an online gaming patent challenged by DraftKings, rejecting the company's argument about making a "clerical error."

  • May 06, 2026

    'Varsity Blues' Coach 'Not Close' In New Trial Bid, Judge Says

    A former University of Southern California water polo coach convicted in the "Varsity Blues" college admissions case missed the goal by a wide margin in his bid to secure a new trial, a Massachusetts federal judge said.

  • May 05, 2026

    Judge Blocks Arizona From Policing Prediction Markets

    A Phoenix federal judge on Tuesday barred Arizona officials from enforcing state gambling laws against federally regulated prediction market platforms in an order finding that the federal government is likely to succeed on claims that the event contracts at issue are swaps beyond the reach of state regulators.

  • May 05, 2026

    Bike Trainer Co. Accuses Rival Of 'Hallucinations' In Brief

    A maker of bike trainers has alleged that a rival included "hallucinations" while reciting the language of claims from a patent in a Georgia federal suit seeking to toss a complaint before the U.S. International Trade Commission.

  • May 05, 2026

    Hockey Players Urge 9th Circ. To Revive U.S. Antitrust Claims

    A U.S. federal court erroneously ruled that federal antitrust law did not apply in a case involving Canada-based hockey leagues and teams, players hoping to revive their suit alleging mistreatment by the developmental leagues told the Ninth Circuit on Monday.

  • May 05, 2026

    NCAA Insists Athletes Must Arbitrate NIL Deal, Not 'Rewrite' It

    College athletes' attempt to go through the courts to exempt certain revenue streams from NCAA oversight is an end-run around the resolution they reached in last year's $2.78 billion class action settlement, the association has told a California federal judge.

  • May 05, 2026

    Tribunal Hands Referee Co. Win In £584K Tax Status Case

    An English soccer referee body won its decadelong dispute with the U.K.'s tax authority after a London tribunal ruled that referees' match-day engagements were contracts for services rather than employment, meaning the group isn't liable for the referees' taxes.

  • May 05, 2026

    Duane Morris Integrates Gambling, Sports Industry Groups

    The growing popularity of betting in sports has prompted Duane Morris LLP to respond to the meshing of the two sectors by integrating its sports and gambling law groups.

  • May 05, 2026

    Jack Nicklaus, TWG Announce South Fla. Private Club Project

    Legendary golfer Jack Nicklaus, his family and investment holding company TWG Global are teaming up to convert a former South Florida golf and country club into a private club that has a golf course, a clubhouse, a wellness center and more, the Nicklaus family and TWG have announced.

  • May 04, 2026

    MLB's Padres Sold To Clearlake Capital Group Co-Founder

    Major League Baseball's San Diego Padres announced that control of the franchise will be passed to an ownership group led by investor couple Kwanza Jones and José E. Feliciano, a few months after the family of the team's late owner largely resolved an internal dispute over control of the team.

  • May 04, 2026

    Calif. Tribes Back Stay In Kalshi Case Before 9th Circ. Rules

    Three California tribes have asked a federal judge to stay their litigation seeking to stop prediction market platforms from conducting what they say is illegal gambling on their lands, saying they can wait until the Ninth Circuit rules on their appeal challenging a denied preliminary injunction.

  • May 04, 2026

    NFLPA Sues Trading-Card Maker For Using Unlicensed Images

    The NFL Players Association is suing a Texas-based trading card manufacturer, claiming the company is producing and selling NFL-themed trading card sets featuring players' likenesses without a needed group license from the union.

  • May 04, 2026

    Greg Biffle Estate Rejects $40M In Plane Crash Death Claims

    The estate of the late NASCAR driver Greg Biffle has rejected three wrongful death claims totaling more than $40 million stemming from a fatal plane crash that killed seven people in North Carolina, including the driver and his family.

  • May 04, 2026

    WWE Fans Want ESPN Kept Out Of Streaming Service Suit

    Streaming video service subscribers accusing World Wrestling Entertainment LLC of luring them into switching providers have asked a Connecticut federal judge to reject attempts by ESPN LLC and its subsidiary BAMTech LLC to enter the fight, arguing the court should respect their choice of who not to sue.

Expert Analysis

  • Surveying The CFTC Campaign To Control Prediction Markets

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    The U.S. Commodity Futures Trading Commission is simultaneously asserting exclusive jurisdiction over prediction markets and signaling aggressive enforcement within them, a combination that will reshape the regulatory landscape for event contract platforms — pending the outcome of several court cases throughout the country and a likely circuit split, say attorneys at Paul Weiss.

  • Series

    Speed Jigsaw Puzzling Makes Me A Better Lawyer

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    My passion for speed puzzling — I can complete a 500-piece jigsaw puzzle in under 50 minutes — has sharpened my legal skills in more ways than one, with both disciplines requiring patience, precision and the ability to keep the bigger picture in mind while working through the details, says Tazia Statucki at Proskauer.

  • Insider Trading Safeguards Can Mitigate Sports Betting Risk

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    As the rapid growth of sports betting heightens the risk that sensitive information held by coaches, players and staff may be improperly exploited, sports organizations can look to the securities context to safeguard information and address potential misconduct, say attorneys at Patterson Belknap.

  • Bet On Prediction Market Regulation To Accelerate

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    Watershed developments concerning prediction markets — such as the first insider trading charges, major speeches from U.S. Commodity Futures Trading Commission leadership, and the introduction of rulemaking and legislation — dominated the first quarter of 2026, a trend that will likely continue throughout the rest of the year, say attorneys at K&L Gates.

  • 2 AI Snafus Show Why Attys Can't Outsource Judgment

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    The recent incident involving Sullivan & Cromwell where citations in a filed motion were fabricated by artificial intelligence, as well as a punitive ruling from the Sixth Circuit in U.S. v. Farris, demonstrate that the obligation to supervise AI has belonged and always will belong to lawyers, says John Powell at the Kentucky School Boards Association.

  • Opinion

    Tribal Gaming Law Is Paramount In Prediction Market Cases

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    Whatever the outcome of the preemption question in prediction market litigation involving states and the federal government, the Indian Gaming Regulatory Act deals very specifically with gaming on Indian lands and almost certainly trumps the general federal laws at issue, says Kevin Washburn at the University of California, Berkeley.

  • Series

    Playing Magic: The Gathering Makes Me A Better Lawyer

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    The competitive card game Magic: The Gathering offers me a training ground for the strategic thinking skills crucial to litigation, challenging me to adapt to oft-updated rules, analyze text as complicated as any statute and anticipate my opponent’s next moves, says Christopher Smith at Lash Goldberg.

  • Improving Well-Being In Law, 10 Years After Landmark Study

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    An important 2016 study revealed significant substance abuse and mental health issues among lawyers, and while the findings helped normalize the conversation around these topics, a decade later, structural change is still needed, says Denise Robinson at PLI.

  • Sizing Up The 3-Way Battle For 'Iceman' IP Rights

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    A complex intellectual property conflict is unfolding between athletes Caleb Williams, George Gervin and Chuck Liddell — each of whom has different, credible claims to the "Iceman" nickname and associated trademark rights, say attorneys at Foley & Lardner.

  • Series

    Officiating Football Makes Me A Better Lawyer

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    Though they may seem to have little in common, officiating football has sharpened many of the same skills that define effective lawyering in management-side labor and employment: preparation, judgment, composure, credibility and ability to make difficult decisions in real time, says Josh Nadreau at Fisher Phillips.

  • How College Sports EO Raises Stakes, Casts Uncertainty

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    The effectiveness of President Donald Trump's recent executive order urging national action to "save" college sports depends on NCAA implementation and judicial tolerance, neither of which is certain, so college athletics will remain governed by an unstable balance between executive pressure and judicial authority until Congress acts, say attorneys at Manatt.

  • Prediction Market Platform Probes Merit Strategic Responses

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    As the battle over the regulation of prediction markets is being waged between states and the federal government, investigations into insider trading allegations are increasingly originating from inside the exchanges themselves, creating obvious risks for market participants — as well as opportunities, say attorneys at Kobre & Kim.

  • Series

    Law School's Missed Lessons: How To Draft Pleadings

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    Most law school graduates step into their first jobs without ever having drafted a complaint, answer, motion or other type of pleading, but that gap can be closed by understanding the strategy embedded in every filing, writing with clarity and purpose, and seeking feedback at every step, says Eric Yakaitis at Haug Barron.

  • E-Discovery Quarterly: Recent Rulings On ESI Control

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    Several recent federal court decisions have perpetuated a split over what constitutes “control” of electronically stored information — with judges divided on whether the standard should turn on a party's legal right or practical ability to obtain the information, say attorneys at Sidley.

  • 2 Discovery Rulings Break With Heppner On AI Privilege Issue

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    While a New York federal court’s recent ruling in U.S. v. Heppner suggests that some litigants’ communications with AI tools are discoverable, two other recent federal court decisions demonstrate that such interactions generally qualify for work-product protection under the Federal Rules of Civil Procedure, says Joshua Dunn at Brown Rudnick.

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