By Sen. Warren Petersen |

Earlier this spring, a federal judge in Phoenix had to step in and protect law-abiding Americans from a prosecutor who had lost all sense of limits. He struck down Kris Mayes’s case against the prediction market Kalshi and, in doing so, exposed one of the more reckless abuses of government power our state has seen in recent memory.

The story should alarm every Arizonan, regardless of whether you have ever placed a trade. In March, Mayes made Arizona the first state in the nation to bring criminal charges against a federally regulated exchange—twenty counts against an American company operating under the direct supervision of the federal Commodity Futures Trading Commission. And she didn’t stop at the criminal docket, either; her allies in the state government pressed a parallel civil campaign to choke an American innovator out of existence.

It took a respected federal judge, appointed by President Trump, to end the spectacle. In finding that federal law leaves “no room for state regulation” of these markets, he warned against precisely the “inconsistent regulatory patchwork that Congress intended to avoid,” and that Mayes tried to foist on Arizonans. Mayes’s crusade was doomed from the start, and any honest lawyer in her office could have told her so. Instead, she torched your tax dollars and Arizona’s reputation, all to chase a headline.

This is what the weaponization of a prosecutor’s office looks like. We have watched the radical left turn the law into a club against the people they dislike: parents, police, people of faith, and President Trump himself. Mayes has now turned that club on the future. Prediction markets let ordinary citizens put their own judgment, and their own money, behind what they actually believe will happen in the economy and the world. They cut through the noise of the mainstream media and pundit class, and they are one piece of a sweeping wave of financial innovation that is remaking the global economy in real time.

President Trump understands this in his bones. While Mayes was busy criminalizing the future, the President was busy building it. His CFTC Chairman, Michael Selig, has led the charge, defending federal authority in courtrooms across the country, advancing clear and sensible national rules, and declaring that America’s financial markets are ready for a new Golden Age. The President has been emphatic that the CFTC must retain exclusive authority over these markets, and he is right. That is America First leadership: clear rules, room to grow, and the confidence that fifty different prosecutors won’t be allowed to strangle American innovation in its crib.

Arizona ought to be racing to the front of that parade. Instead, our Democratic officials keep stomping on the brakes. I led the fight to make Arizona the first state in the country with a Strategic Bitcoin Reserve, only for Governor Katie Hobbs to veto it. I pushed to let Arizonans pay their taxes in digital currency. Again and again, the message from this state’s Democrats has been the same: if you dare to build something new, we will tax it, ban it, or drag you into court. Innovators don’t flee to Texas and Florida by accident. They flee politicians who treat builders like criminals.

I have spent fourteen years at the Capitol doing the opposite—defending the Constitution, guarding taxpayers, and standing up for the right to build without first begging permission from the government. As your attorney general, I will never turn the power of that office into a weapon against a company for the crime of innovating. I will use it to defend Arizonans, to enforce the law as it is actually written, and to show Washington’s worst instincts, and our own state’s, exactly where the line is drawn.

This task is too important to leave to my opponent in the Republican primary. Rodney Glassman didn’t merely vote for Democrats, he ran for the U.S. Senate as a Democrat at the request of another liberal Democratic attorney general, Terry Goddard. So, ask yourself: when the radical left comes for innovation, for crypto, for free markets—and they will come—who do you want holding the line? A proven conservative who has already taken the arrows, or a man who spent the prime of his career carrying the other team’s banner and discovered his “convictions” only when trying to grab President Trump’s coattails?

The attorney general’s job is not to chase headlines by prosecuting the future. It is to be the wall that protects the rights, the savings, and the freedom of Arizonans. Kris Mayes tore that wall down. I intend to rebuild it.

President Trump is leading America into a Golden Age of growth, opportunity, and renewed confidence. Arizona belongs at the front of that charge, but is instead being dragged from behind, handing out indictments to the people who create our jobs. Give me the honor of serving as your attorney general, and I’ll make sure that our great state is exactly where it should be.

Warren Petersen is the President of the Arizona State Senate and represents Legislative District 14. He is currently running to be Arizona’s next Attorney General.