Discussion

• @spschropp Stefan Schropp on x

  @CFTC @ChairmanSelig Scope of the TRO per the bench ruling: “Defendants are temporarily restrained and enjoined from enforcing AZ's gambling laws in any criminal or civil enforcement actions to any contracts listed on CFTC regulated DCMs.”

• @spschropp Stefan Schropp on x

  @CFTC @ChairmanSelig Arizona SG says it will wait for the written order on the TRO before deciding on the State's next steps. Court says it will docket its order, no more than 4 pages, before 6PT. Good thing I don't Friday night plans!

• @birdnalslaw @birdnalslaw on x

  Another legal dub for what the Prediction Market industry has been saying re: the improper attempt by some states to regulate by enforcement what's in the CFTC's sole jurisdiction. Phenomenal work by @ChairmanSelig and his staff on this important fight.

• @spschropp Stefan Schropp on x

  @CFTC @ChairmanSelig Runs for 14 days as an initial matter. Parties to file a status report after the Ninth Circuit argument next week.

• @robertjdenault @robertjdenault on x

  This afternoon, the court granted the CFTC's request to temporarily block Arizona's attempt to rush a criminal prosecution of Kalshi, a federally licensed exchange. We appreciate the CFTC asserting its exclusive jurisdiction over our exchange, and the court's careful

• @chairmanselig Mike Selig on x

  Arizona's decision to weaponize state criminal law against companies that comply with federal law sets a dangerous precedent. I welcome the Court's order today that sends a clear message: these cases raise important issues that must be resolved before states seek to enforce state

• @marshallcohen Marshall Cohen on x

  🚨 Big news: Federal judge blocks AZ from regulating Kalshi and halts AZ's criminal case against Kalshi. WINNERS: Kalshi, the @CFTC and @ChairmanSelig (Trump appointee, just 3 months on the job), and other prediction sites who were surely watching this case LOSERS: Arizona AG [ima…