Kalshi has been sued by Arizona's attorney general for operating an illegal gambling business in the state and unlawfully allowing people to place bets on elections. "Kalshi may brand itself as a 'prediction market,' but what it's actually doing is running an illegal gambling operation and taking…
Arizona attorney general sues Kalshi on illegal gambling charges
Kalshi has been sued by Arizona's attorney general for operating an illegal gambling business in the state and unlawfully allowing people to place bets on elections. "Kalshi may brand itself as a 'prediction market,' but what it's actually doing is running an illegal gambling operation and taking…
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