Everything is gambling now: the latest news on prediction markets like Polymarket and Kalshi
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Arizona’s criminal charges against Kalshi are put on hold.
Federal Judge Michael Liburdi issued a temporary restraining order halting the state’s case against the prediction market. The CFTC has stepped in to stop Arizona and other states from attempting to supersede federal efforts to regulate prediction markets, but the Trump Administration has largely avoided actually regulating them. Perhaps unsurprisingly, according to Business Insider:
Since Donald Trump returned to office, Trump’s son, Donald Trump Jr., has become a paid advisor to Kalshi, and an investment firm he works for invested in Polymarket.
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