Arizona prosecutors filed criminal charges against the prediction market Kalshi on Monday, accusing the platform of running an illegal gambling outfit in the Grand Canyon State.
The 20-count complaint was filed in Maricopa County charging that Kalshi allegedly operates a gambling business in Arizona without a license and takes illegal bets on elections.
“Kalshi may brand itself as a ‘prediction market,’ but what it’s actually doing is running an illegal gambling operation and taking bets on Arizona elections, both of which violate Arizona law,” state AG Kristin Mayes said in a statement.
“No company gets to decide for itself which laws to follow.”
Kalshi did not immediately respond to an NBC News request for comment.
