Document






October 7, 2025


GameStop Corp.
625 Westport Parkway
Grapevine, Texas 76051

Ladies and Gentlemen:

We have acted as New York counsel to GameStop Corp., a corporation organized under the laws of Delaware (the “Company”), in connection with the issuance and sale by the Company of up to 59,153,963 shares of Class A common stock, par value $0.001 per share (the “Shares”), upon the exercise of warrants issued by the Company pursuant to a warrant agreement between the Company and Computershare Inc., and its affiliate, Computershare Trust Company, N.A., dated October 7, 2025 (the “Warrant Agreement”). The Shares are registered pursuant to an automatic shelf registration statement registration statement on Form S-3ASR under the Securities Act of 1933, as amended (the “Securities Act”), filed with the Securities and Exchange Commission (the “Commission”) on October 3, 2025 (Registration No. 333-290695) (the “Registration Statement”), and are being offered pursuant to a base prospectus dated October 2, 2025 (the “Base Prospectus”) and a prospectus supplement dated October 7, 2025 filed with the Commission pursuant to Rule 424(b) under the Securities Act (together with the Base Prospectus, the “Prospectus”).

This opinion letter is rendered in accordance with the requirements of Item 601(b)(5) of Regulation S–K under the Securities Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or related prospectus, any prospectus filed pursuant to Rule 424(b) with respect thereto, other than as expressly stated herein with respect to the issue of the Shares.

In connection with our opinions expressed below, we have examined originals or copies certified or otherwise identified to our satisfaction of the following documents and such other documents, corporate records, certificates and other statements of government officials and corporate officers of the Company as we deemed necessary for the purposes of the opinions set forth in this opinion letter:

(a)the Registration Statement;

(b)the Prospectus;

(c)the Warrant Agreement (including the form of Warrant certificate), filed with the Company’s Current Report on Form 8-K filed with the Commission on October 7, 2025;

(d)a copy of the Company’s Third Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”), filed with the Company’s Form 10-Q for the quarter ended August 3, 2013 filed with the Commission on September 11, 2013;

(e)a copy of the Company’s Certificate of Amendment to the Third Amended and Restated Certificate of Incorporation, filed with the Company’s Current Report on Form 8-K filed with the Commission on June 3, 2022;

(f)a copy of the Company’s Fifth Amended and Restated Bylaws, filed with the Company’s Current Report on Form 8-K filed with the Commission on March 6, 2017;

(g)a copy of the resolutions adopted by the Company’s board of directors (the “Board”), dated September 8, 2025;

(h)a copy of the resolutions adopted by the warrant committee of the Board, dated October 6, 2025;

(i) a copy of a certificate of the Delaware Secretary of State, dated as of October 2, 2025, certifying the good standing of the Company under the laws of the State of Delaware; and

(j)any other documents, corporate records, certificates of officers of the Company and of public officials and other instruments as we have deemed necessary or advisable to enable us to render the opinions set forth below.

We have relied, to the extent we deem such reliance proper, upon such certificates or comparable documents of officers and representatives of the Company and of public officials and upon statements and information furnished by officers and representatives of the Company with respect to the accuracy of material factual matters contained therein which were not independently established by us. In rendering the opinions expressed below, we have assumed, without independent investigation or verification of any kind, the genuineness of all signatures on documents we have reviewed, the legal capacity and competency of all natural persons signing all such documents, the authenticity and completeness of all documents submitted to us as originals, the conformity to authentic, complete original documents of all documents submitted to us as copies, the truthfulness, completeness and correctness of all factual representations and statements contained in all documents we have reviewed, the accuracy and completeness of all public records examined by us, and the accuracy of all statements in certificates of officers of the Company that we reviewed. In addition, in rendering the opinions expressed below, we have assumed that the Shares will be executed and countersigned by the transfer agent or registrar therefor and issued by the Company as contemplated in the Registration Statement.

Based upon the foregoing assumptions and the assumptions set forth below, and subject to the qualifications and limitations stated herein, having considered such questions of law as we have deemed necessary as a basis for the opinions expressed below, we are of the opinion that the Shares, when issued and delivered by the Company against payment therefor as set forth in the Warrant Agreement, will be validly issued, fully paid and non-assessable.

The opinion expressed above is limited to questions arising under the Delaware General Corporation Law. We do not express any opinion as to the laws of any other jurisdiction.

This opinion letter is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Securities Act. This opinion letter is provided solely in connection with the distribution of the Shares pursuant to the Registration Statement and is not to be relied upon for any other purpose.

The opinion expressed above is as of the date hereof only, and we express no opinion as to, and assume no responsibility for, the effect of any fact or circumstance occurring, or of which we learn, subsequent to the date of this opinion letter, including, without limitation, legislative and other changes in the law or changes in circumstances affecting any party. We assume no responsibility to update this opinion letter for, or to advise you of, any such facts or circumstances of which we become aware, regardless of whether or not they affect the opinions expressed in this opinion letter.

We hereby consent to the filing of this opinion letter as Exhibit 5.1 to the Company’s Current Report on Form 8-K dated October 7, 2025 and its incorporation by reference into the Registration Statement and to the reference to our firm as counsel for the Company under the caption “Legal Matters” in the Prospectus. In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission thereunder.

Very truly yours,

/s/ White & Case LLP

DV; EH; GJ; AL