Arizona files first state criminal charges against Kalshi, accusing it of illegal gambling

Arizona Attorney General Kris Mayes said Kalshi is "running an illegal gambling operation and taking bets on Arizona elections, both of which violate Arizona law.

AP Photo/Darryl Webb

• Arizona filed criminal charges against Kalshi, saying it has violated two state laws.
• It's the first state to file criminal charges in the prediction market's legal battle with states.
• The Trump administration has signaled it will defend prediction markets in these fights.

Kalshi's legal battle with states is heating up.