Kalshi CEO Responds After Company Hit With Criminal Gambling Charges

Kalshi CEO Responds After Company Hit With Criminal Gambling Charges

The prediction‑market startup hits back at Arizona, claiming political motivation

Arizona attorney general files criminal charges against KalshiEX LLC over alleged betting infringements

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.

Arizona calls Kalshi an illegal gambling business as first state in first state lawsuit against company

“Arizona will not be bullied into letting any company place itself above state law,” Democratic Attorney General Kris Mayes said.

Kalshi co-founder fights back against Arizona’s ‘overstep’ in what a lawyer calls a federal-state turf war

Kalshi co-founder Tarek Mansour has called Arizona’s criminal case against the company a “total overstep,” casting the move as an attack on a federally regulated exchange rather than a standard gambling enforcement action. Mansour said the charges “have nothing to do with gambling or the merits” and argued that Arizona is trying to short-circuit a broader court fight over who controls prediction markets. Speaking to Bloomberg, he said Kalshi wil…