Resolution criteria

This market will resolve to YES if the class action lawsuit Funk v. Collectors Universe, Inc. et al. (Case No. 1:26-cv-02933, U.S. District Court for the District of Maryland) is dismissed in its entirety on or before December 31, 2027.

Dismissal is defined as:

• The court granting a motion to dismiss the entire case (either with or without prejudice).

• The plaintiff voluntarily dismissing the case (including voluntary dismissals resulting from a settlement agreement).

This market will resolve to NO if, as of December 31, 2027, the case remains active, any substantive claims have survived a motion to dismiss, the case has proceeded to trial, or a final order of dismissal has not been entered.

Additional Conditions:

• Source of Truth: Resolution will be determined using the official federal court docket, which can be tracked on CourtListener.

• Consolidation/Transfer: If the case is consolidated with other lawsuits or transferred to another federal district court, the market will track the consolidated or transferred case.

• Cutoff Date: The creator may edit the December 31, 2027, cutoff date to match their intended timeline before the market begins active trading.

Background

On July 28, 2026, collector Nicholas Funk filed a proposed class action lawsuit against Collectors Universe, Inc. (doing business as Professional Sports Authenticator, or PSA) and parent company Collectors Holdings, Inc..

The 188-page complaint filed in the District of Maryland alleges federal RICO (Racketeer Influenced and Corrupt Organizations Act) violations. The plaintiff argues that PSA markets its card grading as objective, independent, and standardized, but in practice operates a highly subjective, inconsistent, and financially conflicted system designed to maximize submission revenue through forced resubmissions and market manipulation.

Because the plaintiff submitted cards through a third-party intermediary rather than a direct PSA account, the lawsuit argues that he and similarly situated consumers never accepted PSA’s standard arbitration and class action waiver provisions, allowing them to seek relief in federal court.

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