According to the Arizona attorney general, Kalshi is illegally operating a gambling business. It’s the first criminal case against the prediction market, which told Reuters that “States like Arizona want to individually regulate a nationwide financial exchange, and are trying every trick in the book to do it.” The case is part of an ongoing dispute between states and the CFTC about who has jurisdiction over Kalshi and similar companies.
[Link: Kalshi charged criminally in Arizona for operating illegal gambling business | https://www.reuters.com/world/kalshi-charged-criminally-arizona-operating-illegal-gambling-business-2026-03-17/ | reuters.com]
Everything is gambling now: the latest news on prediction markets like Polymarket and Kalshi
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Arizona files criminal charges against Kalshi.
According to the Arizona attorney general, Kalshi is illegally operating a gam… [894 chars]
Source: The Verge | Published: 2026-03-17T17:47:37Z
Credit: The Verge
