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Arizona Files Charges Against Kalshi, Calling Prediction Market an ‘Illegal Gambling Operation’

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In brief

  • Arizona Attorney General Kris Mayes filed criminal charges against Kalshi, alleging the platform is an “illegal gambling operation.”
  • The 20 criminal counts include 16 related to betting and wagering, and 4 counts regarding violations of election wagering.
  • Kalshi preemptively sued the…

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