Arizona Becomes First State to Criminally Charge Kalshi
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The state of Arizona has filed criminal charges against the online prediction market Kalshi for allowing people to bet on elections and “operating an illegal gambling business” in the state. Arizona Attorney General Kris Mayes filed 20 misdemeanor counts in Maricopa County Superior Court in the state Tuesday, saying in a statement that “no company gets to decide for itself which laws to follow.” “Kalshi may brand itself as a ‘prediction market,’ but what it’s actually doing is running an
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