California's top lawyer explains why he hasn't sued Kalshi like Nevada and Arizona

California Attorney General Rob Bonta

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• Some states have sued Kalshi and filed criminal charges. So far, California has co-signed briefs.
• Attorney General Rob Bonta told Business Insider not to 'read too much into' the lack of legal action.
• Bonta also said he had been in touch with a former staffer who is now a lobbyist for Kalshi.

As states across the US join the patchwork legal battle against prediction markets, California — one of the...