Washingtonā€™s Attorney General has escalated the war on Kalshi, branding the prediction market a glorified bookie that peddles bets on everything from NFL games to global wars. With four states suing and Arizona going so far as to file criminal charges, the crackdown paints Kalshi as a rogue gambling empire hiding behind the veneer of fintech innovation, while the company scrambles to drag the fight into federal court.

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