Arizona attorney general sues Kalshi on illegal gambling charges
Arizona's Attorney General Kris Mayes has sued Kalshi, alleging the company operates an illegal gambling business by allowing bets on elections. Kalshi, which defines itself as a prediction market platform operating under the Commodity Futures Trading Commission, faces similar charges in Nevada and has been in the news due to an insider trading accusation involving an employee of YouTuber MrBeast.
- Entities
- Person: Kris Mayes
- Company: Commodity Futures Trading Commission
- Company: Nevada
- Company: Kalshi
- Company: Arizona
- Topic: Prediction Markets
- Topic: Illegal Gambling
- Person: MrBeast
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