What to know : Hong Kong granted its first two stablecoin issuer licenses to HSBC and Anchrpoint Financial, a Standard Chartered-led group that includes Animoca Brands. The HKMA assessed 36 applications and had signaled that the initial round would be limited. The decision to license the city's note-issuing banks first appears to be deliberate.
A federal judge has blocked the state of Arizona from bringing criminal charges against prediction market provider Kalshi, at least temporarily, in response to a motion from the Commodity Futures Trading Commission.
District Judge Michael Liburdi, in the District of Arizona, ruled Friday that Arizona cannot hold an arraignment of Kalshi as scheduled on Monday, April 13. Arizona announced last month it would file 20 criminal charges against Kalshi for offering what the state claimed were betting products in violation of Arizona law.
"Defendants are temporarily restrained and enjoined from enforcing AZ's gambling laws in any criminal or civil enforcement actions to any contracts listed on CFTC-regulated [designated contract markets]," the judge ruled in the temporary restraining order, according to Paradigm senior regulatory counsel Stefan Schropp.
In a statement Friday, CFTC Chair Michael Selig said the regulator "appreciated" the judge's decision.
"Arizona’s decision to weaponize state criminal law against companies that comply with federal law sets a dangerous precedent, and the court’s order today sends a clear message that intimidation is not an acceptable tactic to circumvent federal law," he said.
The CFTC sued Arizona and two other states arguing that prediction markets, otherwise known as event contracts, are swaps subject to the federal agency's supervision, and that its role preempts state law.
It's a view that's seen largely mixed results in court; state courts have often sided with states, such as when a Nevada state court ruled that the Gaming Control Board could temporarily block Kalshi while a broader case moves forward.
Federal courts have had different results; the Third Circuit Court of Appeals ruled earlier this week that prediction markets are subject to CFTC rule, and it was up to the CFTC's discretion on if it wanted to block providers from offering sports-related products or not.
The Ninth Circuit Court of Appeals declined to weigh in on the aforementioned Nevada action, allowing that state court to block Kalshi, but it will hold a hearing on a consolidated case next week allowing various providers and other parties to argue.
Judge Liburdi of Arizona granted the CFTC's motion to block the Arizona state action against Kalshi two days after denying Kalshi's own motion for a preliminary injunction against the state.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
