Antitrust Clouds, LCS Squeeze, and Eulogizing the Panini Era - Can Topps Replace NT & Flawless?

Chris McGill and Josh Adams join Jeremy to unpack the post-Adam Martin discussion and press into the biggest questions of the moment: Can Topps/Fanatics instantly stand up high-end basketball brands to replace National Treasures/Flawless/Immaculate, or are we headed for high-end uncertainty in a truly new basketball card era? They get into allocations, LCS margins, breaker dynamics, and whether live platforms tilt the field. The trio “eulogizes” the Panini era—gold /10, black 1/1s, shields/logomen, and the rise of case hits (Kaboom, Downtown, Color Blast)—and asks if we’re ready for “kabooms without logos.” On the legal front, Josh flags potential antitrust and injunction scenarios, why timelines drag, and how outcomes could reshape competition. Plus: a shout-out to Dave & Adam’s for surfacing early MJ 1/1s (and how one just resurfaced on Fanatics Collect). Smart, candid hobby talk with real implications for collectors, shops, and breakers. Recorded live Sept 20, 2025 Sponsor Note:  Go to ⁠⁠⁠hellofresh.com/cards10fm⁠⁠⁠ now to get 10 free meals plus a free item for life, one per box with active subscription free meals applied as a discount on the first box. New subscribers only, and it varies by plan. Learn more about your ad choices. Visit megaphone.fm/adchoices