Key Points• Accurate GZL diagnosis remains challenging, with .60% of patients with presumed GZL having the diagnosis reclassified on consensus review.• Treatment with DLBCLbased therapy appears most effective for GZL (including R-CHOP); however, new therapies are needed to improve outcomes.Gray zone lymphoma (GZL) is described as sharing features with classical Hodgkin lymphoma (cHL) and diffuse large B-cell lymphoma (DLBCL). However, there remains complexity in establishing diagnosis, delineating prognosis, and determining optimum therapy. Sixty-eight cases diagnosed as GZL across 15 North American academic centers were evaluated by central pathology review to achieve consensus. Of these, only 26 (38%) were confirmed as GZL.Morphology was critical to GZL consensus diagnosis (eg, tumor cell richness); immunohistochemistry showed universal B-cell derivation, frequent CD30 expression, and rare Epstein-Barr virus (EBV) positivity (CD20 , 4%). Forty-two cases were reclassified: nodular sclerosis (NS) cHL, n 5 27 (including n 5 10 NS grade 2); lymphocyte predominant HL, n 5 4; DLBCL, n 5 4; EBV 1 DLBCL, n 5 3;primary mediastinal large BCL n 5 2; lymphocyte-rich cHL and BCL-not otherwise specified, n 5 1 each. GZL consensus-confirmed vs reclassified cases, respectively, more often had mediastinal disease (69% vs 41%; P 5 .038) and less likely more than 1 extranodal site (0% vs 25%; P 5 .019). With a 44-month median follow-up, 3-year progression-free survival (PFS) and overall survival for patients with confirmed GZL were 39% and 95%, respectively, vs 58% and 85%, respectively, for reclassified cases (P 5 .19 and P 5 .15, respectively).Interestingly, NS grade 2 reclassified patients had similar PFS as GZL consensus-confirmed cases. For prognostication of GZL cases, hypoalbuminemia was a negative factor (3-year PFS, 12% vs 64%; P 5 .01), whereas frontline cyclophosphamide, doxorubicin, vincristine, and prednisone 6 rituximab (CHOP6R) was associated with improved 3-year PFS (70% vs 20%; P 5 .03); both factors remained significant on multivariate analysis. Altogether, accurate diagnosis of GZL remains challenging, and improved therapeutic strategies are needed.