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🚀 DOJ and CFTC Seek to Block Arizona's Action Against Kalshi The U.S. Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) have filed a motion in federal court to halt Arizona's criminal and civil enforcement actions against Kalshi. According to NS3.AI, the agencies contend that event contracts regulated by the CFTC are beyond the jurisdiction of state authorities and are governed by federal commodity law. #DOJ#CFTC#Kalshi#Arizona#eventcontracts#commoditylaw#federalcourt#statejurisdiction

🚀 Federal Agencies Challenge Arizona's Gambling Laws Against Kalshi The Commodity Futures Trading Commission (CFTC) and the Department of Justice have requested a federal court to prevent Arizona from applying its gambling laws to Kalshi. According to NS3.AI, the agencies argue that contracts related to sports and elections are federally regulated swaps. Arizona has initiated criminal charges against Kalshi, with an arraignment set for April 13. Should the courts agree with the federal perspective, prediction markets could potentially function across the United States under a unified federal framework, rather than being subject to individual state gambling regulations. #FederalAgencies#Arizona#GamblingLaws#Kalshi#CFTC#DepartmentOfJustice#FederalCourt#SportsContracts#ElectionContracts#PredictionMarkets#FederalRegulation#StateGamblingRegulations