TechFlow News: On April 11, according to U.S. News, U.S. District Judge Michael Liburdi of the District of Arizona ruled to temporarily bar the state from taking criminal or civil enforcement actions against prediction market platform Kalshi under state law. Additionally, Kalshi’s scheduled arraignment on April 13 has been halted. This ruling responds to a motion previously filed by the U.S. Commodity Futures Trading Commission (CFTC). In the temporary restraining order, Judge Liburdi stated that the State of Arizona may not enforce its state gambling laws against contracts listed on markets regulated by the CFTC.
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