Arizona calls Kalshi an illegal gambling business as first state in first state lawsuit against company | Fortune
Arizona filed the first criminal charges against prediction market company Kalshi for operating an illegal gambling business, escalating regulatory conflict between states and federal authorities over prediction market oversight.
Prediction Market Showdown: CFTC and DOJ Challenge Illinois State Gambling Authority in Federal Court
The CFTC filed a lawsuit against Illinois officials, asserting exclusive federal jurisdiction over prediction markets, challenging state gambling laws.