DOJ and CFTC seek halt to Arizona action against Kalshi
Burns Brief
The US Justice Department and commodities regulator asked a federal court to block Arizona’s action against Kalshi, arguing federally regulated event contracts fall under CFTC jurisdiction Market sentiment is turning positive, with traders and analysts pointing to potential follow-through momentum in the coming sessions. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
The US Justice Department and commodities regulator asked a federal court to block Arizona’s action against Kalshi, arguing federally regulated event contracts fall under CFTC jurisdiction.
Key Takeaways
- The US Justice Department and commodities regulator asked a federal court to block Arizona’s action against Kalshi, arguing federally regulated event contracts fall under CFTC jurisdiction