The state of Arizona has filed misdemeanor charges against the online company Kalshi, alleging it has operated an illegal gambling business.
The new legal filing in Maricopa County Superior Court lists 16 counts of betting and wagering and four counts of election wagering.
In a press release, Arizona Attorney General Kris Mayes said that while the company brands itself as a prediction market, it is breaking the state’s gambling and election wagering laws.
The new charges come days after Kalshi filed a lawsuit against the Arizona Department of Gaming in federal court, saying states cannot regulate its predictions market.
A spokesperson for Mayes says an arraignment hearing is the next step.
More Arizona politics news
-
Health insurance companies in the Affordable Care Act marketplace are seeking an average premium increase of 25% in Arizona for 2027. -
A new poll commissioned by AARP shows Democratic Gov. Katie Hobbs holding a sizable 8 point lead over Republican Congressman Andy Biggs in Arizona’s gubernatorial race. -
To talk about Gov. Hobbs’ potential pick for Lieutenant Governor, a candidate who wants to stop running with Clean Elections and more, The Show sat down with Christina Corieri of Consilium Consulting and Mike Haener of Lumen Strategies. -
The Phoenix Area Modernization Project is a proposal by the FAA to consolidate air traffic to set routes. As drafted, it would increase noise from air traffic by as much as 6 decibels. -
Board members with the Central Arizona Project challenged an extension of the agency's involvement in a cloud seeding program.
