Arizona Attorney General Kris Mayes filed a petition with the Ninth Circuit Court of Appeals on 28 September, asking the court to vacate a May injunction that had blocked the state from prosecuting Kalshi under Arizona gambling law.
Mayes argues the injunction cannot stand alongside the Ninth Circuit's own ruling in the Nevada case, where the same court held that states can regulate Kalshi's sports contracts. US District Judge Michael Liburdi had concluded in May that CFTC authority preempted Arizona's enforcement action. The Nevada panel reached the opposite conclusion on materially identical facts.
Mayes' petition frames the two rulings as directly contradictory and asks for a full rehearing. If the Ninth Circuit grants it and vacates the injunction, Kalshi would face the same restrictions in Arizona that Nevada imposed after its ruling.
Continue reading.
CFTC rule separates prediction contracts from sportsbook wagers
Kalshi examines unusual trading activity around press secretary appointment
CFTC formally proposes classifying event contracts as swaps
Stake wins Brazilian court order to keep operating until 25 October
A few more worlds
worth exploring.
From the FreeMalta ecosystem.
The AI Journey
Explore AI beyond the headlines. Tools, ideas and a place to start.
Explore the journey 02 / THE GARAGEThe Garage
The companies behind the names. Explore their stories and the people building them.
Open the garage 03 / THE DUELThe Duel
Two contenders. A closer look. Put products side by side before choosing.
Choose your duel 04 / MALTAINSIDERMaltainsider
Discover the B2B side of Malta. A different lens on business and opportunity.
Meet Maltainsider