Arizona files criminal charges against Kalshi, accusing prediction market of illegal gambling
Arizona prosecutors filed a 20-count misdemeanor complaint on Monday in Maricopa County against Kalshi, the prediction-market platform, alleging it operated an unlicensed gambling business and accepted illegal bets on elections. State Attorney General Kristin Mayes said the company’s conduct violates Arizona law and pointed to wagers tied to at least four political contests, including the … Read more