Judge Halts Arizona Case Against Kalshi After CFTC Move
A federal judge has temporarily stopped Arizona from pursuing criminal charges against prediction market operator Kalshi, following intervention by the Commodity Futures Trading Commission (CFTC). The ruling marks a significant development in an ongoing dispute over whether states can regulate platforms offering event-based financial contracts. The decision came after a hearing before U.S. District Judge Michael Liburdi, who granted a temporary restraining order requested by the CFTC. The order prevents Arizona authorities from continuing their case against Kalshi while broader […] The post Judge Halts Arizona Case Against Kalshi After CFTC Move appeared first on World Casino News.
A federal judge has temporarily stopped Arizona from pursuing criminal charges against prediction market operator Kalshi, following intervention by the Commodity Futures Trading Commission (CFTC). The ruling marks a significant development in an ongoing dispute over whether states can regulate platforms offering event-based financial contracts. The decision came after a hearing before U.S. District Judge Michael Liburdi, who granted a temporary restraining order requested by the CFTC. The order prevents Arizona authorities from continuing their case against Kalshi while broader […]
The post Judge Halts Arizona Case Against Kalshi After CFTC Move appeared first on World Casino News.
