Arizona's Criminal Case Against Kalshi Permanently Blocked by Federal Judge

Arizona’s criminal case against Kalshi permanently blocked by federal judge

A federal judge has permanently blocked Arizona Attorney General Kris Mayes from prosecuting the online prediction market company Kalshi for violating state gambling laws. (Photo by Jim Small/Arizona Mirror)A federal judge has permanently blocked Arizona Attorney General Kris Mayes from prosecuting Kalshi, halting the state’s unprecedented attempt to criminally charge an online prediction market company with violating state gambling laws. Even t…

Arizona's criminal case against Kalshi permanently blocked by federal judge

A federal judge has permanently blocked Arizona Attorney General Kris Mayes from prosecuting the online prediction market company Kalshi for violating state gambling laws. (Photo by Jim Small/Arizona Mirror)A federal judge has permanently blocked Arizona Attorney General Kris Mayes from prosecuting Kalshi, halting the state’s unprecedented attempt to criminally charge an online prediction market company with violating state gambling laws. Even t…

Kalshi Notches Arizona Win as Judge Grants Preliminary Injunction

The prediction market Kalshi noted a legal victory in Arizona as a judge granted the company a preliminary injunction against the state.

Federal Judge Sides With Kalshi in Prediction Markets Gambling Dispute

A federal judge in Arizona has temporarily blocked state officials from pursuing gambling enforcement against Kalshi, handing the prediction market company another important court victory as legal fights over event-based trading continue spreading nationwide. In a 17-page order released Tuesday, U.S. District Judge Michael Liburdi said federal commodities law likely takes priority over Arizona gambling rules when contracts are traded through exc…

Federal Judge Permanently Blocks Arizona's Criminal Case Against Kalshi on Preemption Grounds

Key Takeaways ▸ A federal judge permanently blocked Arizona’s criminal case against Kalshi, ruling that the CFTC’s exclusive jurisdiction over regulated derivatives exchanges preempts state gambling law. ▸ The ruling is the first permanent injunction of the ongoing legal battles, giving the CFTC stronger footing as it fights similar battles in New York, Ohio, and elsewhere. ▸ Arizona is expected to appeal to the Ninth Circuit; the question of…

Judge shields Kalshi election wagering in Arizona

A Trump-appointed judge in Arizona found the state likely exceeded its authority by targeting election betting on the popular prediction market Kalshi.