Arizona sports contracts lawsuit against Kalshi paused while Ninth Circuit appeals continue

A legal fight over prediction markets and state gambling authority is now on hold in Arizona while federal appeals judges weigh several related cases. Kalshi, the Commodity Futures Trading Commission, the Justice Department, and Arizona regulators jointly asked a federal judge Friday (May 15) to pause litigation involving sports-event contracts offered on federally regulated exchanges. The request was filed in the U.S.