The Commodity Futures Trading Commission filed a motion Wednesday asking a federal judge to immediately freeze Arizona’s criminal prosecution of Kalshi, escalating a federal-state confrontation that now spans three simultaneous lawsuits and a looming arraignment.
The CFTC asked the U.S. District Court for the District of Arizona for a preliminary injunction and temporary restraining order. The motion follows a suit filed last week alongside the Department of Justice.
“Arizona’s decision to weaponize preempted state criminal law against companies that comply with a comprehensive federal regime sets a dangerous precedent,” said CFTC Chairman Michael Selig.
Arizona AG Kris Mayes filed 20 misdemeanor counts against Kalshi on March 17, including four counts of election wagering and 16 counts of unlawful betting, the first criminal …
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