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Arizona federal court temporarily bars prosecution of CFTC-regulated event contracts

Regulation

The US District Court for the District of Arizona temporarily barred the state attorney general from prosecuting event contracts listed on Kalshi and other CFTC-regulated designated contract markets. The court found the CFTC had shown it was likely to succeed on its claim that federal law pre-empts Arizona gambling laws; the order expires on 25 April, with a preliminary-injunction hearing set for 6 May.

The order temporarily protects covered event-contract markets from Arizona prosecution pending further court proceedings.

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Enforcement & compliance

Nevada court bars Polymarket event contracts for at least two weeks

A Nevada judge issued a temporary restraining order on 29 January barring Polymarket from offering event contracts in the state for at least two weeks, according to the ruling described in the report. The court found at this stage that the contracts constituted wagers under Nevada law and that Polymarket lacked a state sports betting licence; a hearing was scheduled for two weeks later.

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