Arizona Escalates the Battle Over the Legality of Prediction Markets

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Banners welcoming basketball fans to Dayton, Ohio.

Ray Geiger

Regulatory pressure on prediction market platforms intensified on Tuesday when Arizona Attorney General Kris Mayes filed criminal charges against Kalshi (KALSHI).

Mayes charged Kalshi with 20 counts, including operating an illegal gambling business.

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Source seekingalpha
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