US judge blocks Arizona criminal case against Kalshi at CFTC’s request
A federal judge on Friday 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.
The agency said the court granted its request for a temporary restraining order barring the state from continuing to pursue criminal charges against CFTC-regulated designated contract markets.
