Kalshi vs Arizona: Criminal Charges, the CFTC Countersuit, and the Federal Block
Arizona went further against Kalshi than any other state, filing actual criminal charges rather than the cease-and-desist letters or civil suits used elsewhere. It did not hold. A federal court blocked the prosecution, siding with the federal commodities regulator, and Arizona’s case stalled before it could reach a trial. But a later appeals-court ruling in … Read more