Arizona: Ninth Circuit ruling backs state authority over Kalshi sports contracts, but election dispute remains
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Arizona Attorney General Kris Mayes is reviewing a federal appeals court ruling that strengthens states’ ability to regulate sports-related prediction market contracts, although the decision does not resolve Arizona’s separate dispute with Kalshi over election wagering. The U.S. Ninth Circuit Court…
Arizona Attorney General Kris Mayes is reviewing a federal appeals court ruling that strengthens states’ ability to regulate sports-related prediction market contracts, although the decision does not resolve Arizona’s separate dispute with Kalshi over election wagering. The U.S. Ninth Circuit Court of Appeals ruled Friday in a Nevada case that the federal Commodity Exchange Act does not prevent...