Legal Battle Over Prediction Markets

Judge denies Kalshi's request to block Arizona from pursuing 20 misdemeanor charges.
Arizona AG filed case on March 17, alleging Kalshi violates state gambling laws.
Kalshi faces arraignment in Maricopa County on Monday.
CFTC claims exclusive jurisdiction over prediction markets.
Judge deems federal preemption decision premature.

Legal | Law | Finance

United States | Arizona

Kris Mayes | Michael Liburdi

1 day ago