Attorney General Kris Mayes wants an appeals court to dissolve a trial court judge’s order that blocked her from prosecuting online prediction market company Kalshi for violating Arizona’s gambling laws.
Her request comes after appellate judges in a different case ruled last month that gambling on sporting events is not protected by the federal law that otherwise allows prediction market firms to operate.
That ruling, which came in a similar but separate Nevada case, directly undercuts the rationale used by federal Judge Michael Liburdi earlier this year when he issued an injunction stopping Mayes from prosecuting Kalshi and suing the firm for violating Arizona’s gambling laws and a law that makes it illegal to bet on election outcomes in the Grand Canyon State.
