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Arizona charges Kalshi with operating illegal gambling business
US state first to file criminal case alleging prediction platform offered wagers circumventing unregulated betting ban
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ft.com
Arizona indicts prediction market Kalshi for running illegal gambling operation
Desert state becomes first to file criminal case against prediction platform.
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cnbc.com
Arizona charges Kalshi with criminal misdemeanors, alleging it's an illegal gambling operation
The Arizona charges are the first criminal charges to have been filed against Kalshi, though the company is embroiled in multiple lawsuits over its predictions platform.
