Arizona charges Kalshi over ‘illegal gambling’

What happened

Arizona Attorney General Kris Mayes (D) on Tuesday filed criminal charges against Kalshi, accusing the online prediction marketplace of “running an illegal gambling operation and taking bets on Arizona elections, both of which violate Arizona law.” The 20-count indictment alleges that Kalshi illegally accepted bets on sporting outcomes, political events and election results, among other “unlicensed wagering.”

Who said what

“Arizona will not be bullied into letting...