Arizona authorities have escalated their dispute with prediction market platform Kalshi by filing criminal charges, marking a significant development in an ongoing legal conflict over the company’s operations in the state. The Arizona Attorney General’s Office announced Monday that it had brought a 20-count misdemeanor indictment against KalshiEx LLC and Kalshi Trading LLC. Officials allege the companies have been running what amounts to an unlawful gambling enterprise while presenting it as a prediction market. Sixteen of the counts relate to […]
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