In unprecedented move, Arizona files criminal charges against prediction market company Kalshi

By: Jerod MacDonald-Evoy

Outlets: Arizona Mirror

Published: March 17, 2026

Words: 593

Last Updated: 2 months, 3 weeks ago

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Arizona Attorney General Kris Mayes filed criminal charges against the online prediction market company Kalshi, accusing it of operating an illegal gambling business in the state and flagrantly violating a state law barring wagering on elections.

“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 in a press release announcing …

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