In a 1st, Arizona files criminal charges against Kalshi over illegal gambling op

In a first, Arizona's Attorney General Kris Mayes has filed criminal charges against Kalshi in a court, accusing it of running an illegal gambling ​business in the state. Mayes' office alleged that the prediction market startup unlawfully allowed people to put bets on elections. "States like Arizona want to individually regulate a nationwide financial exchange," Kalshi said.