A federal judge in Arizona has ruled that prediction market platform Kalshi falls under Commodity Futures Trading Commission (CFTC) oversight, blocking state prosecutors from pursuing gambling-related criminal charges against the company.
A US District Judge named Michael Liburdi issued the order on May 5, preventing Arizona Attorney General Kris Mayes and the Arizona Department of Gaming from continuing their criminal case against Kalshi. The ruling determined that Kalshi's operations are within the jurisdiction of the CFTC, thus exempting the company from state-level gambling charges.
