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CFTC and Justice Department ask a federal judge to halt Utah's criminal case against Kalshi, Legal Sports Report reports
- CFTC and Justice Department ask a federal judge to halt Utah's criminal case against Kalshi, Legal Sports Report reports — Legal Sports Report reports that the CFTC and the Justice Department asked a federal judge to block Utah from moving forward with its criminal and civil cases against Kalshi, seeking a temporary restraining order and preliminary injunction. The filing came one day after Utah filed 14 criminal charges against Kalshi and its co-founders, and the agencies argued a state cannot criminalize trading in contracts under a federal regulator's exclusive jurisdiction. (Legal Sports Report)
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