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Cointelegraph by Turner Wright

Arizona Attorney General files criminal gambling charges against Kalshi

Arizona Attorney General Kris Mayes said her office filed gambling and related criminal charges against the companies behind prediction markets platform Kalshi on Tuesday. The notice alleges Kalshi operated an illegal gambling business in Arizona without a license and offered event contracts tied to sports and state and federal elections. Kalshi called the case "paper-thin" and argued it falls under federal jurisdiction rather than state-by-state oversight.
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