Pessimistic
Last updated: 2026-03-18 15:18:41 ET
Oh, you think the government will regulate Kalshi and Polymarket? Wanna bet?
Arizona has become the first state to file criminal charges against Kalshi, accusing the prediction market platform of operating an illegal gambling b...
Arizona is the first state to allege the prediction market company has committed criminal violations, accusing it of running an unlicensed gambling operation.
The state accused Kalshi of operating an illegal gambling business, escalating the legal battle between states and prediction markets.
It's the latest salvo in an escalating battle between state regulators and an industry that claims it's not beholden to them.
The complaint includes 20 separate counts against Kalshi, claiming the company accepted bets from Arizona residents in violation of state law.
The Arizona charges are the first criminal charges to have been filed against Kalshi, though the company is embroiled in multiple lawsuits over its pr...
Arizona files first state criminal charges against Kalshi, accusing it of illegal gambling
Kevin O'Leary supports his 'Marty Supreme' costar Timothée Chalamet so much, he bet $1,000 on Kalshi that he'll win an Oscar
Kalshi claims in a preemptive lawsuit that there is “a substantial risk” that Iowa will take action against it after a meeting it had with state r...
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