'If It Quacks': Judge Hints Kalshi's Biz Is Sports Gambling

By Abigail Harrison

Fourth Circuit judges appeared dubious Thursday as counsel for Kalshi explained why its "sports event contracts" can only be regulated by the U.S. Commodity Futures Trading Commission rather than state gambling laws, with one judge remarking, "If it quacks, you know, it's a duck. Right? It's gambling isn't it?"

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IOC Lifts Olympic Ban On Belarus, But Russia Still Out

By David Steele

The International Olympic Committee lifted its ban on Belarus on Thursday, saying that athletes deserve to compete despite the actions of their countries, but continued the suspension of Russia imposed after its 2022 invasion of Ukraine.

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NC Lawmakers May Shield Athlete Payments From Public View

By Alex Lawson

Lawmakers in North Carolina are forging ahead with new legislation that would keep payments made from the state's public universities to its athletes shielded from public disclosure in a bid to stay competitive in the free-spending college sports era.

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Spain Creditor Says FIFA World Cup Subpoenas Are Valid

By Joyce Hanson

An award creditor of Spain that is owed more than $47 million has defended its Washington federal court bid for information related to the Spanish national soccer team's upcoming appearance at the 2026 FIFA World Cup, saying it's been "left with no choice" as the country continues to evade payment.

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Zillow, Redfin Can't Escape FTC's Antitrust Suit Over Ad Pact

By Jared Foretek

A Virginia federal judge denied Zillow and Redfin's bid Wednesday to toss the Federal Trade Commission's suit accusing the companies of colluding through a $100 million payment to stop competing on multifamily rental listings, ruling that the "fact-intensive nature" of the commission's complaint justifies it surviving past the pleading stage.

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Bowlers Sue Lucky Strike Over 'Starbucks Of Bowling' Tactics

By Elaine Briseño

Lucky Strike has been engaging in a yearslong anticompetitive scheme to acquire rival bowling alleys across the United States so it can drive up costs and increase its own profits, while diminishing the experience of bowlers, a group of customers has alleged.

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Kalshi Nets $1B Fundraise, Reaches $22B Valuation

By Isaac Monterose

Kalshi, guided by Cooley LLP, announced Thursday that it raised $1 billion for its Series F fundraising round as it reached a $22 billion valuation.

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Barnes & Thornburg Lands Nixon Peabody Entertainment Trio

By Madison Arnold

Three entertainment attorneys from Nixon Peabody LLP have moved their practice to Barnes & Thornburg LLP in Los Angeles and Nashville, Tennessee, the firm announced Thursday.

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Surveying The CFTC Campaign To Control Prediction Markets

The U.S. Commodity Futures Trading Commission is simultaneously asserting exclusive jurisdiction over prediction markets and signaling aggressive enforcement within them, a combination that will reshape the regulatory landscape for event contract platforms — pending the outcome of several court cases throughout the country and a likely circuit split, say attorneys at Paul Weiss.

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Series

Speed Jigsaw Puzzling Makes Me A Better Lawyer

My passion for speed puzzling — I can complete a 500-piece jigsaw puzzle in under 50 minutes — has sharpened my legal skills in more ways than one, with both disciplines requiring patience, precision and the ability to keep the bigger picture in mind while working through the details, says Tazia Statucki at Proskauer.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

The past week in London has seen Morrisons sued by a former logistics partner, EDF and Cripps LLP face a claim brought by a family estate near Hinkley Point C and a former BBC broadcaster file a defamation claim against a Welsh news site over articles linking her to Russian state media and conspiracy theories. Here, Law360 looks at these and other new claims in the U.K.

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Morgan Lewis Hires 2 More Hunton Litigators

By Andrea Keckley

Morgan Lewis & Bockius LLP announced on Friday that it has hired two more attorneys from Hunton Andrews Kurth LLP to build up its litigation bench.

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Legal Industry Bounces Back, Gaining 2,400 Jobs In April

By Tracey Read

The legal sector is once again on a positive trajectory, gaining 2,400 jobs last month, according to seasonally adjusted data released Friday by the U.S. Bureau of Labor Statistics.

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Paul Weiss Says Atty Cuts Were Part Of Performance Reviews

By Daniel Moritz-Rabson

Paul Weiss Rifkind Wharton & Garrison LLP told Law360 on Friday that the firm has parted ways with some attorneys following an annual review process.

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Top Atty In DOJ Appeal Over Law Firm Exec Orders To Depart

By Jake Maher

The lead federal prosecutor on the Trump administration's appeal to reinstate executive orders targeting four law firms is stepping down from his government role at the end of May, he publicly announced this week.

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Law360's Legal Lions Of The Week

By Kevin Penton

The National Immigrant Justice Center and the American Civil Liberties Union lead this week's edition of Law360 Legal Lions, after a split Seventh Circuit panel rejected the Trump administration's argument that immigrants unlawfully in the United States have no due process rights.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

The head of the U.S. Department of Labor's employee benefits section said agency investigations will focus on benefit plan managers' loyalty conflicts, including pursuit of socially conscious goals. Meanwhile, Dell became the latest company to consider Texas as its new legal home. These are among the stories in corporate legal news you may have missed in the past week.

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Prosecutor Faces Probe Into Withheld Immigration Case Info

By Bonnie Eslinger

The lead assistant federal prosecutor for Rhode Island's civil division is under investigation for allegedly withholding information in an immigration case, according to an order from the Ocean State's top federal judge.

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DLA Piper Accused Of 'Frivolous' Suit To Please Chipotle GC

By Gina Kim

DLA Piper aggressively litigated a "frivolous" computer fraud lawsuit against a nonprofit volunteer in order to appease the then-general counsel of Chipotle, a client, who referred the case to the firm, according to a malicious-prosecution complaint filed Thursday in California state court. 

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In Case You Missed It: Hottest Firms And Stories On Law360

By Adam LoBelia

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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