Elisabeth Diana

Person

Last mentioned: Mar 18, 2026

Timeline

  1. Injunction Denied

    Judge Michael Liburdi denies Kalshi's request to block state-level legal actions.

  2. Criminal Charges Filed

    Arizona AG Kris Mayes files a 20-count criminal indictment against Kalshi.

  3. Federal Support

    The Trump administration signals a pro-prediction market regulatory stance.

  4. Federal Court Victory

    Kalshi wins the right to offer election contracts following a battle with the CFTC.

Stories mentioning Elisabeth Diana 1

regulation Bearish

Arizona Files Criminal Charges Against Kalshi in Prediction Market Escalation

Arizona has filed 20 criminal charges against Kalshi, alleging the platform operates an illegal gambling business by offering bets on elections and college sports. The move marks a significant escalation in the jurisdictional battle between state authorities and federal regulators over the multi-billion dollar prediction market industry.

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