Kalshi Wins Reprieve From Arizona Criminal Case at CFTC’s Urging

Kalshi Inc. won a temporary reprieve from criminal prosecution in Arizona when a judge suspended the case at the behest of a federal regulator.

A federal judge on Friday granted a restraining order sought by the Commodity Future Trading Commission after the agency argued that state authorities cannot pre-empt its oversight of prediction markets, the CFTC said in a statement.