US EditionJudge rejects bid to stop Arizona’s prosecution of Kalshi on wagering charges
U.S. District Judge Michael Liburdi said the Anti-Injunction Act bars him from stopping the case while Arizona pursues 20 wagering counts.
- On Wednesday, U.S. District Judge Michael Liburdi denied Kalshi's request to block Arizona from pursuing 20 misdemeanor wagering charges, citing the Anti-Injunction Act's limits on federal intervention in state proceedings.
- Arizona Attorney General Kris Mayes filed the criminal case on March 17, alleging Kalshi operates an illegal wagering business and must comply with state gambling laws rather than exclusively federal regulation.
- Prosecutors charged the company with 20 misdemeanor counts, including four election-related bets placed by an investigator between December 2025 and February 2026, with 16 remaining counts involving sports wagers like Arizona State University basketball games.
- Kalshi faces its initial arraignment in Maricopa County Superior Court on Monday, while Liburdi declined to rule on whether the company's "swaps" are federally preempted, calling such a decision premature.
- The Commodity Futures Trading Commission intervened, arguing it holds exclusive jurisdiction over prediction markets; this conflict between state authority and federal oversight remains unresolved, with other federal courts issuing mixed rulings on similar cases.
27 Articles
27 Articles
Federal Judge Allows Arizona to Proceed With Criminal Case Against Kalshi
A federal judge has cleared the way for Arizona to continue its criminal case against prediction market company Kalshi, marking a significant moment in the ongoing clash between state regulators and emerging financial betting platforms. In a decision issued Wednesday, U.S. District Judge Michael Liburdi rejected Kalshi’s request to halt the prosecution. The judge also declined to weigh in—at least… Source
Judge rejects bid to stop Arizona’s prosecution of Kalshi on wagering charges | KNX News 97.1 FM
A federal judge has denied a bid by prediction market operator Kalshi to bar Arizona prosecutors from moving forward with a criminal case against the company | KNX News 97.1 FM
Associated Press News
Judge rejects bid to stop Arizona’s prosecution of Kalshi on wagering charges
A federal judge has denied a bid by prediction market operator Kalshi to bar Arizona prosecutors from moving forward with a criminal case against the company.
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