Last mentioned: Mar 18, 2026
Judge Michael Liburdi denies Kalshi's request to block state action.
Truth Social scheduled to launch its crypto-based prediction market.
Criminal Charges Filed
Arizona AG Kris Mayes files 20-count document against Kalshi.
TRO Denied
Judge Michael Liburdi denies Kalshi's request to block state action.
Kalshi Response
Spokesperson Elisabeth Diana dismisses charges as meritless and an attempt to circumvent federal court.
Criminal Charges Filed
Arizona AG Kris Mayes files 20 criminal counts against Kalshi.
Injunction Denied
Judge Michael Liburdi denies Kalshi's request to block state-level legal actions.
Criminal Charges Filed
Arizona AG Kris Mayes files a 20-count criminal indictment against Kalshi.
Multi-State Lawsuit
24 states sue to block the new Section 122 tariffs, citing constitutional overreach.
Multi-State Lawsuit
24 states file suit in the U.S. Court of International Trade to block new tariffs.
Refund Ruling
A judge rules that companies are entitled to refunds for duties paid under the old framework.
Refund Order
Judge rules companies are owed refunds for tariffs paid under the invalidated IEEPA framework.
Section 122 Invoked
Trump administration pivots to Section 122 to maintain 10% global tariffs.
Section 122 Invoked
Trump administration implements new 10% tariffs using the 1974 Trade Act.
SCOTUS Ruling
Supreme Court rules 6-3 that IEEPA tariffs exceed presidential authority.
Supreme Court Ruling
SCOTUS strikes down Trump's IEEPA-based tariffs in a 6-3 decision.
Record Revenue
U.S. Treasury reports $287B in tariff collections for the fiscal year.
Federal Support
The Trump administration signals a pro-prediction market regulatory stance.
Federal Court Victory
Kalshi wins the right to offer election contracts following a battle with the CFTC.
Arizona Attorney General Kris Mayes has filed criminal charges against prediction market platform Kalshi, marking a major escalation in state-level crackdowns on event-based betting. The legal action challenges Kalshi’s federal regulatory standing and could redefine the boundary between state gambling laws and federal derivatives oversight.
Arizona Attorney General Kris Mayes has initiated criminal proceedings against Kalshi, marking a significant escalation in state-level opposition to event-based prediction markets. The move challenges the federal oversight of the Commodity Futures Trading Commission (CFTC) and could redefine the legal boundary between financial derivatives and illegal gambling.
Arizona has filed 20 criminal charges against Kalshi, alleging the platform operates an illegal gambling business by offering bets on elections and college sports. The move marks a significant escalation in the jurisdictional battle between state authorities and federal regulators over the multi-billion dollar prediction market industry.
Arizona has filed 20 criminal counts against Kalshi, alleging the platform operates an illegal gambling business by offering bets on elections and college sports. The move marks a significant escalation in the jurisdictional battle between state gambling regulators and federal oversight of prediction markets.
Arizona has filed a 20-count criminal charging document against prediction market Kalshi, alleging the platform operates an illegal gambling business. The move marks a significant escalation in the jurisdictional battle between state authorities and the federal government over the oversight of multibillion-dollar wagering platforms.
A coalition of 24 states has filed a lawsuit against the Trump administration, alleging the president exceeded his constitutional authority by imposing global tariffs under a never-before-used provision of the Trade Act of 1974. The legal challenge follows a landmark Supreme Court ruling that struck down previous emergency duties, setting up a high-stakes confrontation over executive trade powers.
A coalition of 24 states has filed a lawsuit against the Trump administration, alleging the president exceeded his constitutional authority by imposing new global tariffs under Section 122 of the Trade Act of 1974. The legal challenge follows a Supreme Court ruling that struck down previous emergency duties, creating a high-stakes battle over executive power and consumer costs.