The U.S. Commodity Futures Trading Commission sued Minnesota on Tuesday to block a newly enacted ban on prediction markets, the sixth state the CFTC has taken to federal court to assert control over regulation of the markets.
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WEDNESDAY, MAY 20, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

CFTC Sues Minnesota Over Law Banning Prediction Markets

By David Steele

The U.S. Commodity Futures Trading Commission sued Minnesota on Tuesday to block a newly enacted ban on prediction markets, the sixth state the CFTC has taken to federal court to assert control over regulation of the markets.

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2nd Circ. Rejects Defunct Soccer League Antitrust Appeal

By Bryan Koenig

A Second Circuit panel on Tuesday refused to grant the North American Soccer League a new antitrust trial against Major League Soccer and soccer's U.S. governing body, concluding that the defunct league waived any arguments about market definition, and even if it didn't, its assertions still fail.

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Students Defend Hacking Claims Against UMich, Ex-Coach

By David Steele

The students accusing the University of Michigan and a former football coach of sexual harassment and of hacking their accounts insist that the facts favor them and not the school and coach, and that their lawsuit should be allowed to continue.

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LITIGATION

Grand Slams Push Back On Tennis Group's Bid For Access

By Ganesh Setty

Organizations behind Wimbledon and the French Open asked a New York federal court to reject a player group's claims that they're denying it access to the tournaments in retaliation for its antitrust lawsuit, arguing that no jurisdiction exists to grant any relief.

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Brief

NJ Plans To Take 3rd Circ. Kalshi Loss To US Supreme Court

By George Woolston

New Jersey plans to seek U.S. Supreme Court review of a recent Third Circuit decision that upheld an injunction on the state's attempt to ban sports prediction markets, according to a joint status report filed by the state and KalshiEx LLC in New Jersey federal court. 

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Brief

Pac-12 Reaches Deal With Mountain West In Exit Fee Suit

By David Steele

The Pac-12 and Mountain West conferences have settled their federal lawsuit over $55 million in "poaching" fees charged by Mountain West for luring its member schools away, the leagues have announced.

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EXPERT ANALYSIS

Becoming The Biz-Savvy GC That Portfolio Companies Need

Candidates for general counsel roles at private equity-backed portfolio companies should prioritize proving their sector-specific experience, commercial judgment and ease with uncertainty — and attorneys hoping to be candidates in five to 10 years should start working on those skills now, says Dimitri Mastrocola at Major Lindsey.

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LEGAL INDUSTRY

OpenAI Says ChatGPT Misuse Is Users' Responsibility

By Emily Sawicki

OpenAI has asked a federal judge in Chicago to end an insurance company's suit alleging it practices law without a license, arguing the complaint should be directed toward individuals who misuse the company's ChatGPT bot to file faulty motions, and not the generative AI platform itself.

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2 Fla. County Courts Requiring AI Disclosure In Court Filings

By Sarah Martinson

Two Florida circuit courts in Miami-Dade and Broward counties are requiring attorneys and self-represented litigants to disclose when they use generative text tools to prepare their court filings and to certify they checked the generated content for accuracy.

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2nd Circ. Pick Questioned At Hearing On Role As Trump Lawyer

By Courtney Bublé

Matthew Schwartz, a nominee for the Second Circuit, was questioned by Democratic senators Wednesday about whether his current job as the president's personal attorney while his nomination process is underway poses a conflict of interest.

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Atty Withdrawals Not Limited To Fee Conflicts, ABA Says

By Emily Sawicki

Lawyers whose clients fail to hold up their end of valid engagement agreements are clear to cease their representation, so long as certain criteria are met, according to the American Bar Association's ethics committee's latest guidance, published Wednesday.

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Comey Wants Arraignment Pushed For Dismissal Bid

By Phillip Bantz

Former FBI Director James Comey asked a North Carolina federal court Wednesday to postpone his arraignment on charges alleging he threatened President Donald Trump, telling a judge that he is preparing to seek to have the case thrown out on constitutional grounds.

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Mich. Supreme Court Mulls Remote Court Access Rules

By Susan Smiley

The Michigan Supreme Court held administrative hearings on Wednesday concerning several proposed amendments to Michigan court rules, including adding more specific guidelines for remote hearings, making language services free for civil cases, and allowing law students and recent law graduates to appear on behalf of indigent people in all Michigan courts.

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Hagens Berman Says Apple Smear Job Can't Stop Withdrawal

By Bonnie Eslinger

Hagens Berman Sobol Shapiro LLP urged a California federal judge to allow one of its named plaintiffs to withdraw from an Apple iCloud antitrust case, saying Apple Inc.'s filed opposition is rife with "misdirection and ad hominem" attacks and not about the merits of the dispute but "smearing opposing counsel."

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Blank Rome Adds 2 Infrastructure Pros To LA Office

By Isaac Monterose

Blank Rome LLP has hired two attorneys from Norton Rose Fulbright and Nossaman LLP as partners for its real estate team in Los Angeles, the firm announced Tuesday.

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COMPANIES IN TODAY'S NEWS

ATP Tour Inc.

Amazon.com Inc.

American Bar Association

Apple Inc.

Epic Games Inc.

Google LLC

LinkedIn Corp.

Major League Soccer LLC

Major Lindsey & Africa LLC

Michigan Immigrant Rights Center

Nippon Life Insurance Company of America

OpenAI OpCo LLC

Otis Worldwide Corp.

Pac-12 Enterprises LLC

Reeds Inc.

Tennis Australia Ltd.

The Florida Bar

UCLA School of Law

United States Soccer Federation Inc.

United States Tennis Association Inc.

University of Southern California

Walmart Inc.

LAW FIRMS IN TODAY'S NEWS

Ashbrook Byrne

Axinn Veltrop

Bailey & Glasser

Blank Rome

Butzel Long

Debevoise & Plimpton

Dillon McCandless

Fink Bressack

Hagens Berman

Hausfeld LLP

Keker Van

Latham & Watkins

Milbank LLP

Milberg PLLC

Norton Rose

Nossaman LLP

Paul Weiss

Pearson Warshaw

Proskauer Rose

Sidley Austin

Stranch Jennings

Strauss Borrelli

Sullivan & Cromwell

Wagstaff Law Firm

Weil Gotshal

Willkie Farr

Wilson Sonsini

Winston & Strawn

GOVERNMENT AGENCIES IN TODAY'S NEWS

Commodity Futures Trading Commission

Federal Bureau of Investigation

Federal Election Commission

Massachusetts Supreme Judicial Court

Michigan Supreme Court

U.S. Attorney's Office

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

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

U.S. Court of Appeals for the Second Circuit

U.S. Department of Justice

U.S. District Court for the District of Minnesota

U.S. District Court for the District of New Jersey

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

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

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

U.S. District Court for the Northern District of Illinois

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

U.S. Senate

U.S. Supreme Court

United States District Court for the District of the Virgin Islands