California AG reportedly prepares legal action against prediction markets
California Attorney General Rob Bonta is reportedly preparing a lawsuit against prediction-market operators and plans to join an amicus brief supporting Maryland in its case against Kalshi, according to California Nations Indian Gaming Association chair James Siva. Bonta has not publicly announced an enforcement action, and three California tribes are already litigating against Kalshi and Robinhood in federal court.
A state lawsuit could add legal pressure on prediction-market operators active in California.