Arizona judge temporarily bars state gaming laws against Kalshi
US District Judge Michael Liburdi temporarily barred Arizona from applying its gaming laws to Kalshi on 10 April. He found that the Commodity Futures Trading Commission had adequately shown that event contracts fall within the Commodity Exchange Act’s definition of swaps; the ruling is temporary, and the case may continue.
The temporary order limits Arizona’s enforcement against Kalshi while the court considers federal authority over event contracts.