Source: International Business Times
Courtesy/Kalshi The web-based prediction market platform Kalshi is facing criminal charges brought by the state of Arizona for operating an alleged illegal gambling business, allowing users to bet on elections. Arizona Attorney General Kris Mayes announced on Tuesday that her office filed criminal charges against KalshiEx LLC and Kalshi Trading LLC, accusing the company of operating an illegal gambling business without a license and unlawfully offering election wagering in the state. According to Arizona's filing, the case includes 20 misdemeanor counts.
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