Arizona Attorney General sues Kalshi on illegal gambling charges
3 hours ago
- #legal
- #prediction-markets
- #gambling
- Arizona's attorney general has sued Kalshi for operating an illegal gambling business and allowing bets on elections.
- Kalshi claims to be a prediction markets platform operating under the Commodity Futures Trading Commission, not a gambling service.
- The company is also facing a similar lawsuit in Nevada and was involved in an insider trading scandal with a MrBeast employee.