Kalshi Faces 20 Criminal Charges in Arizona Plus Nevada TRO—Federal vs. State Jurisdiction Battle Intensifies
Arizona Attorney General Kris Mayes filed 20 criminal misdemeanor charges against Kalshi on March 22 for unlicensed wagering and betting on elections, while a Nevada district court issued a 14-day temporary restraining order blocking Kalshi from offering sports, election, and entertainment prediction contracts to Nevada residents. Judge Jason Woodbury ruled Nevada's gaming authority prevails despite Kalshi's federal CFTC approval. Senator Catherine Cortez-Masto criticized the CFTC for being 'overly permissive.' An April 3 hearing will determine whether the injunction extends.