Arizona Files Criminal Charges Against Kalshi Over Alleged Illegal Betting Operations
Arizona has become the first U.S. state to bring criminal charges against prediction market platform Kalshi, accusing it of operating an unlicensed gambling business within state borders. Filed in state court, the case includes 20 misdemeanor counts against Kalshi and its trading arm, Kalshi Trading LLC. Authorities allege the company accepted wagers from Arizona residents…