Arizona files first state criminal charges against Kalshi, accusing it of illegal gambling

Source: Business Insider

Arizona Attorney General Kris Mayes said Kalshi is "running an illegal gambling operation and taking bets on Arizona elections, both of which violate Arizona law. AP Photo/Darryl WebbArizona filed criminal charges against Kalshi, saying it has violated two state laws. It's the first state to file criminal charges in the prediction market's legal battle with states.