In Brief
Posted:
2:20 PM PDT · April 11, 2026
Image Credits:Kent Nishimura/Bloomberg / Getty Images
Arizona attorney general Kris Mayes’ case against prediction market Kalshi appears to have hit a snag.
The Commodity Futures Trading Commission announced Friday that it has won a temporary restraining order preventing Arizona from pursuing its criminal case against Kalshi.
In Brief
Posted:
2:20 PM PDT · April 11, 2026
Image Credits:Kent Nishimura/Bloomberg / Getty Images
Arizona attorney general Kris Mayes’ case against prediction market Kalshi appears to have hit a snag.

“Arizona will not be bullied into letting any company place itself above state law,” said Democratic Attorney General Kris Mayes.

The federal derivatives regulator, which oversees trading at Kalshi, argued it was inappropriate for Michigan to "bully" the firm…

A federal judge denied Kalshi's preliminary injunction in New York, deepening a circuit split over whether prediction markets are…

The CFTC stayed an emergency Kalshi that would have force-liquidated open event-contract positions held by certain Michigan…

The CFTC ordered KalshiEX to fulfill trades a Michigan court directed it to cancel, staying a rule change and escalating a…

A New York judge denied the CFTC’s emergency motion to halt the state’s enforcement action against Kalshi, adding to the growing…