Kalshi challenges Arizona restrictions on prediction markets in court
Kalshi filed a lawsuit on 12 March against Arizona Attorney General Kris Mayes and other state officials, seeking to overturn state efforts to restrict its prediction-market offerings. The company argues that federal oversight by the Commodity Futures Trading Commission limits Arizona’s authority; the state had not filed a formal response, according to the report.
The lawsuit will test Kalshi’s claim that federal oversight limits Arizona’s authority over its prediction markets.