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An Arizona federal judge has permanently blocked the state from pursuing criminal charges against Kalshi, handing the CFTC a major win in its escalating battle to assert exclusive federal authority over the industry.
The rapid rise of prediction markets has pushed a new class of event-based trading platforms into the spotlight, with billions of dollars flowing into contracts tied to elections, economics, sports, weather, entertainment and more.
A May 4 deadline looms for Kalshi to geofence Nevada after Carson City District Court Judge Jason Woodbury granted a preliminary injunction to the Nevada Gaming Control Board on April 28. The state-court ruling, which followed Woodbury’s earlier characterization of sports event contracts as “indistinguishable” from placing a sports bet, adds to a litigation map […] The post Kalshi’s Sports Contract Cases Turn on Three Textual Hurdles: A Field Guide to Legal Fault Lines appeared first on DeFi Rate.
The Ohio Casino Control Commission (OCCC) is escalating enforcement action against Kalshi, announcing intentions to impose a $5 million fine for what it characterizes as “conducting unlicensed sports gaming” in the state.
US district judge Michael Liburdi indicated on Friday that he would grant the Commodity Futures Trading Commission’s request for a temporary restraining order (TRO) preventing Arizona from pursuing criminal charges against Kalshi.
The courts are split on one of the most consequential questions in prediction markets: whether states have the right to regulate exchanges like Kalshi that offer sports event contracts under a federal CFTC license.
Kalshi data will appear in branded graphics across Fox News Media platforms as part of a sponsored integration, following similar deals with CNN and CNBC. The post Fox to Integrate Kalshi Forecasts Across Platforms, Excluding Politics appeared first on DeFi Rate.