Federal Judge Halts Arizona's Criminal Prosecution of Prediction Market Kalshi

A federal judge has temporarily halted Arizona's criminal prosecution of Kalshi, a prediction market operator, in a significant victory for the company backed by the Trump administration's Commodity Futures Trading Commission. U.S. District Judge Michael Liburdi issued a temporary restraining order Friday that bars Arizona from enforcing its gambling laws against Kalshi and pauses the state's case, according to TechCrunch and reporting on the decision.