Federal judge rejects Kalshi bid to halt Arizona criminal case
A federal judge rejected Kalshi’s request to stop Arizona’s criminal prosecution, declining to decide whether federal law overrides state gambling statutes because the case was at an early stage. Arizona has charged the company with 20 misdemeanour counts, alleging it accepted bets on political outcomes, college sports and individual player performance. Kalshi says it operates a financial marketplace, not a gambling business.
The ruling allows Arizona’s criminal case to proceed and leaves the dispute over state authority unresolved.