It appears that Arizona Attorney General Chris Mayes’ case against prediction market Kalshi has stalled. Commodity Futures Trading Commission announced on friday It has won a temporary restraining order preventing the state from pursuing its criminal case against Kalshi (whose CEO Tarek Mansour is pictured above). CFTC Chairman Michael S. “Arizona’s decision to weaponize state…
Rep. Seth Moulton, D-Mass., arrives for the House Democrats’ caucus meeting in the Capitol on Thursday, Nov. 15, 2018. Bill Clark | CQ-Roll Call Group | Getty Images A group of House Democrats pressed the Commodity Futures Trading Commission in a letter sent late Monday on why the agency has not cracked down on bets…
My fiancé and I are about to be the winners of our friend group’s March Madness pool. The way things have shaken out, no matter which team triumphs, one of us is certain to win the pool — a victory for our joint wedding fund either way. But as I was calculating our eventual winnings,…
The Commodity Futures Trading Commission headquarters in Washington, DC, US, on Friday, Dec. 23, 2022. Ting Shen | Bloomberg | Getty Images A federal commission on Thursday announced lawsuits against three states over its ability to exclusively regulate prediction markets. The Commodity Futures Trading Commission said it was taking Arizona, Connecticut and Illinois to court…
A federal grand jury in Washington, D.C., declined a request by prosecutors to indict two Democratic U.S. senators, Mark Kelly of Arizona and Michigan’s Elissa Slotkin, on charges of seditious conspiracy, MS Now reported Tuesday night. The attempted indictment of Kelly and Slotkin related to a video in November that they participated in with four…
Lucid Motors gets rave reviews from critics. But it’s sorely lacking customers. That’s a problem the company can’t afford. The Arizona-based EV maker has top-shelf tech, deep-pocketed backers, and highly praised cars. However, it has struggled to meet production targets, and has been unable to steal the spotlight away from established luxury brands with century-old…
