A company accused by Arizona of illegal gambling and election wagering has won a victory at the Third Circuit Court of Appeals.
The prediction market platform Kalshi is the target of criminal charges filed by the Arizona Attorney General’s Office, which was recently sued by the Trump administration for doing so.
Now, the Third Circuit Court of Appeals has ruled New Jersey cannot block Kalshi from offering contracts on sports events because they are federally regulated by the Commodity Futures Trading Commission.
Kalshi says it's different from sports books and cited the same commission while arguing that Arizona has no jurisdiction to bring a case.
The Arizona AG's Office declined to comment on the Third Circuit ruling.
More business news from KJZZ
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Tonto National Forest will be closing Canyon Lake later next month so the Bureau of Reclamation and SRP can conduct dam safety inspections and maintenance. -
Coal-fired power generation jumped 13% in the U.S. last year, according to a recent report from the federal Energy Information Administration. That helped push carbon emissions from the power sector up about 4% — the first rise after years of declining emissions. -
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Coal has long been the economic bedrock of the Navajo Nation, which owns deposits in Wyoming, Montana and New Mexico. Now, the tribe is asking the Trump administration to dramatically expand the life — and size — of an operational coal mine that could uproot the lives of some Navajo families. And their longtime homes — literally. -
Residents were unanimous in their call for a ban on data centers, but city staff say that would likely be prohibited under state law. -
Commissioners voted to repeal the rules in July, stating that they had expired and the utilities had exceeded their target. Mayes contends the 2020 deadline was a target, not an official expiration.
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