TLDR Arizona is asking a federal court to postpone its next hearing against Kalshi from May 6 to June 3 or later A pending Ninth Circuit ruling in a related Nevada case could directly shape the outcome of the Arizona dispute The CFTC and Kalshi both oppose the delay, saying additional briefing is unnecessary Ninth Circuit judges questioned whether sports event contracts are different from traditional gambling during an April 16 hearing Arizona and Kalshi also disagree over whether the current temporary restraining order allows the state to investigate possible violations
Arizona officials are asking a federal court to push back a key hearing in their legal fight with prediction market platform Kalshi. The state wants more time to build its case, but a looming appeals court decision could change everything.
In a joint status report filed Monday, Arizona requested the May 6 hearing on a preliminary injunction be moved to June 3 or later. All parties agreed to extend the current temporary restraining order while the case is paused.
State attorneys said they need more time to develop the factual record. They want to brief additional issues including standing, how event contracts are classified, and the financial consequences tied to prediction markets.
Arizona also said it plans to bring in witness testimony. The state indicated it may pursue limited discovery to strengthen its arguments before the court.
The Commodity Futures Trading Commission, which stepped into the case on Kalshi’s side, pushed back on the delay. The agency said the court already has enough information from all parties to move forward.
Kalshi agreed with the CFTC. The company said it does not believe additional briefing is needed and wants the court to act now.
The CFTC has urged the court to issue a preliminary injunction and a