Arizona Attorney General Kris Mayes filed 20 criminal counts against KalshiEx LLC and Kalshi Trading LLC, alleging the platform operated an unlicensed gambling business in Arizona and offered election wagering, including accepting bets from Arizona residents on sports and political events such as the 2028 presidential race and 2026 state elections, in violation of state law. Meanwhile, the CFTC has moved to assert exclusive jurisdiction over event contracts and advance related rulemaking. ...