Arizona Judge Blocks Gambling Enforcement Against Kalshi Contracts
Cointelegraph
A federal judge blocked Arizona from applying state gambling laws to Kalshi’s event contracts, supporting the CFTC's claim of federal jurisdiction.Summary
A U.S. District Court judge in Arizona has issued a temporary restraining order preventing state officials from enforcing local gambling laws against Kalshi. The court sided with the Commodity Futures Trading Commission (CFTC), agreeing that Kalshi’s event-based contracts likely qualify as "swaps" under the Commodity Exchange Act, which grants the federal agency exclusive regulatory authority. This ruling prevents Arizona from pursuing civil or criminal enforcement against the platform until April 24, as the court considers a preliminary injunction to protect federal jurisdiction over these financial products.
(Source：Cointelegraph)