CNBC
Arizona’s attorney general has filed misdemeanor criminal charges against Kalshi, accusing the predictions platform of running an illegal gambling and election wagering operation in the state.
These are the first criminal charges to have been filed against Kalshi, though the company is embroiled in multiple lawsuits and investigations and has received dozens of cease-and-desist letters across the nation.
Prediction platforms like Kalshi have drawn comparisons to online sports gambling as they allow users to wager on the outcomes of events in pop culture, politics, sports and more.
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