Federal judge blocks Arizona AG from prosecuting Kalshi, says it violates the Constitution

By: Jim Small

Outlets: Arizona Mirror

Published: April 13, 2026

Words: 601

Last Updated: 3 months, 2 weeks ago

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A federal judge has temporarily blocked Attorney General Kris Mayes from pursuing criminal charges against the online prediction market company Kalshi, concluding that the Trump administration is likely to succeed in its lawsuit arguing that federal law bars states from regulating the industry.

Federal Judge Michael Liburdi granted a temporary restraining order late last week in the lawsuit brought by the Commodity Futures Trading Commission, the federal agency that oversees prediction markets. The CFTC …

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