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19 Arizona Charges Kalshi With Illegal Gambling Operation

Slashdot
BeauHD @ Slashdot 1 place · today 19:00 EDT

Arizona Charges Kalshi With Illegal Gambling Operation

Arizona has filed criminal charges against Kalshi, accusing it of operating an illegal gambling business. "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," Arizona Attorney General Kris Mayes said in a statement. The case could ultimately head to the Supreme Court to decide whether federal oversight by the Commodity Futures Trading Commission overrides state gambli

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