Joe Duhownik, writing for Courthouse News:

Arizona filed criminal charges Tuesday against Kalshi, accusing the popular prediction market of hosting bets on state and federal elections.

“Kalshi may brand itself as a ‘prediction market,’ but what it’s actually doing is running an illegal gambling operation and taking bets on Arizona elections, both of which violate Arizona law,” said Arizona Attorney General Kris Mayes. “No company gets to decide for itself which laws to follow.”

Kalshi is facing four counts of election wagering, a Class 2 misdemeanor, for taking bets on the 2028 presidential race, the 2026 Arizona gubernatorial race, the 2026 Arizona Republican gubernatorial primary and the 2026 Arizona secretary of state race. It faces 16 additional Class 1 misdemeanors for wagering on events like Arizona college sports, professional sports and whether the SAVE America Act — a collection of bills intended to crack down on voter fraud — will become federal law.

There are currently about twenty federal lawsuits against Kalshi, and you can expect more states to follow suit with Arizona. The idea that this company is allowed to operate an unregulated gambling website is just insane to me.