- Arizona AG Kris Mayes filed criminal charges against KalshiEx LLC and Kalshi Trading LLC for allegedly operating an unlicensed gambling business that accepted illegal wagers on professional and collegiate sports, legislative outcomes, and political elections.
- The filing alleges the platform functioned as an illegal wagering operation by offering proposition and parlay bets, including wagers on individual player performance and on whether the SAVE Act would become law.
- Four of those counts target illegal election wagering, citing bets accepted on the 2028 Presidential race and Arizona’s 2026 contests for Governor and Secretary of State.
- While Arizona’s is the first criminal action, we have previously reported that the Michigan and Massachusetts AGs filed civil actions against Kalshi for allegedly violating state gambling laws through its unlicensed prediction market.