Kalshi sued the state of Arizona recently in U.S. District Court, naming Attorney General Kris Mayes and Arizona Department of Gaming officials as defendants.
The prediction market exchange argues that the Commodity Exchange Act gives the CFTC exclusive jurisdiction over its event contracts, and that state enforcement would violate federal preemption.
Mayes wasn’t deterred. Just days later, she filed 20 criminal counts.
What Happened
Mayes’ office appears to have placed a series of small bets on Kalshi from Arizona, then used them as the basis for a 20-count criminal information filed March 16 in Maricopa County Superior Court.
The wagers were tiny, including a $30 bet on the Commanders-Giants NFL game, a $1 Super Bowl prop on whether Elon Musk would attend, a $5 OKC Thunder spread and a $1 ASU women’s basketball game. The largest was $30, most were $1 or $2.
Arizona law bans election betting outright. The filing cites a $2 bet on J.D. Vance for …
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