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Legal

Arizona AG files complaint against Kalshi for violating state gaming laws

Company contends it is a futures prediction market, not betting site

PHOENIX — Arizona Attorney General Kris Mayes is turning the tables on a company that takes online bets on future events, charging it with multiple violations of state gaming laws.

In a new legal filings, the attorney general cites 20 different instances she says that KalshiEX LLC allowed people in Arizona to wager on various events.

Some of these are on sports, both professional and college. And that, according to Mayes, runs afoul of statutes that specifically limit such wagering to companies and tribes that have agreement with the state.

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