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Arizona Becomes First State to Criminally Charge Kalshi: The “prediction market” platform is finally facing a serious legal challenge.
wing people to bet on elections and “operating an illegal gambling business” in the state. Arizona Attorney General Kris Mayes filed 20 misdemeanor counts in Maricopa County Superior Court in the state Tuesday, saying in a statement that “no company gets to decide for itself which laws to follow.” “Kalshi may brand itself as a ‘prediction market,’ but what it’s actually doing is running an illegal gambling operation and taking bets on Arizona elections, both of which violate Arizona law,” Mayes said.
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