Arizona AG Sues Kalshi Alleging Illegal Gambling, Betting on State's Elections

Dow Jones03-18 02:34

By Katherine Hamilton

Arizona Attorney General Kris Mayes sued Kalshi alleging the prediction-markets platform is operating an illegal gambling business.

The lawsuit filed on Tuesday includes 20 counts including illegal gambling and betting on Arizona elections.

Arizona law prohibits wagering on elections, as well as operating a gambling business without a license.

Last week, Kalshi preemptively sued Mayes and several Arizona Department Gaming officials seeking a permanent injunction and declaratory relief. Arizona's gaming department had sent Kalshi a cease-and-desist letter in May 2025.

Kalshi has also sued Iowa and Utah in recent weeks. A federal judge in Ohio last week denied Kalshi's request for a preliminary injunction.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

March 17, 2026 14:34 ET (18:34 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2620477858?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-18 02:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2620477858","market":"us","top_or_hot":-1,"title":"Arizona AG Sues Kalshi Alleging Illegal Gambling, Betting on State's Elections","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Katherine Hamilton \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Arizona Attorney General Kris Mayes sued Kalshi alleging the prediction-markets platform is operating an illegal gambling business. \n</p>\n<p>\n  The lawsuit filed on Tuesday includes 20 counts including illegal gambling and betting on Arizona elections. \n</p>\n<p>\n  Arizona law prohibits wagering on elections, as well as operating a gambling business without a license. \n</p>\n<p>\n  Last week, Kalshi preemptively sued Mayes and several Arizona Department Gaming officials seeking a permanent injunction and declaratory relief. Arizona's gaming department had sent Kalshi a cease-and-desist letter in May 2025. \n</p>\n<p>\n  Kalshi has also sued Iowa and Utah in recent weeks. A federal judge in Ohio last week denied Kalshi's request for a preliminary injunction. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 17, 2026 14:34 ET (18:34 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Arizona AG Sues Kalshi Alleging Illegal Gambling, Betting on State's Elections</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nArizona AG Sues Kalshi Alleging Illegal Gambling, Betting on State's Elections\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-18 02:34</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Katherine Hamilton \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Arizona Attorney General Kris Mayes sued Kalshi alleging the prediction-markets platform is operating an illegal gambling business. \n</p>\n<p>\n  The lawsuit filed on Tuesday includes 20 counts including illegal gambling and betting on Arizona elections. \n</p>\n<p>\n  Arizona law prohibits wagering on elections, as well as operating a gambling business without a license. \n</p>\n<p>\n  Last week, Kalshi preemptively sued Mayes and several Arizona Department Gaming officials seeking a permanent injunction and declaratory relief. Arizona's gaming department had sent Kalshi a cease-and-desist letter in May 2025. \n</p>\n<p>\n  Kalshi has also sued Iowa and Utah in recent weeks. A federal judge in Ohio last week denied Kalshi's request for a preliminary injunction. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 17, 2026 14:34 ET (18:34 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4210","symbol_name":"白银","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2620477858","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2620477858","pubTimestamp":1773772440,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Arizona Attorney General Kris Mayes sued Kalshi alleging the prediction-markets platform is operating an illegal gambling business.The lawsuit filed on Tuesday includes 20 counts including illegal gambling and betting on Arizona elections.Arizona law prohibits wagering on elections, as well as operating a gambling business without a license.Last week, Kalshi preemptively sued Mayes and several Arizona Department Gaming officials seeking a permanent injunction and declaratory relief. Arizona's gaming department had sent Kalshi a cease-and-desist letter in May 2025.Kalshi has also sued Iowa and Utah in recent weeks. A federal judge in Ohio last week denied Kalshi's request for a preliminary injunction.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4210":"白银","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","LU1883839398.USD":"AMUNDI FUNDS INCOME OPPORTUNITIES \"A2\" (USD) ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","BK4135":"资产管理与托管银行","STT":"道富银行","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","AG":"First Majestic Silver Corporation","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"translate_title":"亚利桑那州AG起诉Kalshi非法赌博，押注州选举","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"STT":1.5,"AG":1.5},"content_text":"By Katherine Hamilton \n\n\n \n\n\n  Arizona Attorney General Kris Mayes sued Kalshi alleging the prediction-markets platform is operating an illegal gambling business. \n\n\n  The lawsuit filed on Tuesday includes 20 counts including illegal gambling and betting on Arizona elections. \n\n\n  Arizona law prohibits wagering on elections, as well as operating a gambling business without a license. \n\n\n  Last week, Kalshi preemptively sued Mayes and several Arizona Department Gaming officials seeking a permanent injunction and declaratory relief. Arizona's gaming department had sent Kalshi a cease-and-desist letter in May 2025. \n\n\n  Kalshi has also sued Iowa and Utah in recent weeks. A federal judge in Ohio last week denied Kalshi's request for a preliminary injunction. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 17, 2026 14:34 ET (18:34 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2620477858","isCrawlerRequest":true}