The "Invalid postback or callback argument." exception in .NET can be caused by a slew of different reasons stemming from ASP.NET not being able to validate that a control event originated from the user interface that was rendered by that control. The most common solution offered as we all know is to set Page.EnableEventValidation = "False". Wrong! That's not a good idea from a security standpoint.
The better option is to determine what is causing the issue, and the bad news is debugging the code will not typically lead to the answer. You have to understand the code you have written and its relationship to this property to think about what you have done to cause this issue.
My most recent cause and solution? I made an update to a control outside the UpdatePanel housing a control that initiated the event, and subsequently after postback had completed then redirected to another page from an ASP.NET menu. It immediately threw the "Invalid postback or callback argument" exception. The fix? Add the appropriate AsyncPostBackTrigger on the other UpdatePanel with the control being updated with the event that is doing the updating. As soon as I did this, I was obeying all the good security rules and no need to set Page.EnableEventValidation = "False" which I never want to do as a lazy resort because I can't figure out what I did incorrectly.