US judge blocks Arizona criminal case against Kalshi at CFTC's request - Reuters
US judge blocks Arizona criminal case against Kalshi at CFTC's request Reuters
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Notable Quotes
"federal law is supreme under the U.S. Constitution."
— Robert DeNault , Executive
"The attorney general’s office disagrees with the court’s ruling and we will evaluate our next steps."
— Richie Taylor , Executive
"The ruling is a step in the right direction."
— Robert DeNault , Executive
"Arizona’s decision to weaponize state criminal law against companies that comply with federal law sets a dangerous precedent."
— Michael Selig , Executive
Key People
Son of former President Donald Trump.
Kris Mayes is the Attorney General of Arizona.
U.S. District Judge overseeing the case against Kalshi.
Chairman of the Commodity Futures Trading Commission.
Spokesperson for the Arizona Attorney General's Office.
Robert DeNault is the head of enforcement at Kalshi.
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<a href="https://news.google.com/rss/articles/CBMirAFBVV95cUxORFd4M3R5eHpNUERlRTJOS1NPakRpMU9oLWN6N3Z6aWV5YzZJYWhJUGhwcWw2c19FalJ0QmRNX28yMFhIWnJyLThkOVVxQnZySXMzMWMzb3lhOG5TQ1FJa0ZLNG1leUFBdmFQY2ZORGFvTDZtaUJ0ckFzV3YtMkhHTnduTXNwZW1aaC02SDJvTERENENRM3JzOGNJOWhCUHI2c1pOWnZ6Wl9RR0Q5?oc=5" target="_blank">US judge blocks Arizona criminal case against Kalshi at CFTC's request</a> <font color="#6f6f6f">Reuters</font>
A federal judge temporarily barred Arizona from continuing its criminal case against prediction market Kalshi, following a request from the Commodity Futures Trading Commission (CFTC).
A federal judge temporarily halted Arizona's enforcement of gambling laws against prediction market operators like Kalshi, pausing the state's criminal case against the company.
A U.S. judge blocked Arizona from continuing its criminal case against prediction market Kalshi, according to the Commodity Futures Trading Commission, which sued to prevent states from regulating the industry.
A federal judge temporarily barred Arizona from enforcing its gambling laws against predictive market operators and paused a criminal case against Kalshi, following a lawsuit filed by the Trump administration.
A federal judge denied Kalshi's request to halt Arizona's criminal case against it, which alleges the company is unlawfully operating a betting service. Arizona has charged Kalshi with 20 misdemeanors, citing illegal wagers on politics, college sports, and individual player performances—activities prohibited under its gambling laws.
A federal judge blocked Arizona from continuing its criminal case against prediction market Kalshi, according to the Commodity Futures Trading Commission, which sued to prevent states from regulating the industry. The CFTC announced the ruling in a press release following a hearing before U.S. District Judge Michael Liburdi in Arizona.
Kalshi has won a temporary restraining order preventing Arizona from pursuing its criminal case against the prediction market platform. The Commodity Futures Trading Commission (CFTC) announced the ruling, which bars the state from continuing to pursue criminal charges against CFTC-regulated designated contract markets.
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