The Commodity Futures Trading Commission (CFTC) announced on Friday that it has been granted a temporary restraining order, effectively pausing a criminal case brought by the state of Arizona against Kalshi.
This legal action prevents Arizona from moving forward with its case against Kalshi, a platform that allows users to trade on the predicted outcomes of various events.
The restraining order provides Kalshi with a temporary pause in the legal proceedings, as the company navigates the regulatory landscape surrounding its operations.