Arkansas Attorney General Tim Griffin filed a lawsuit against prediction-market operator Kalshi, alleging it offered unlicensed gambling products in the state and violated the Arkansas Deceptive Trade Practices Act. The state also alleges Kalshi let people under 21 use the products and misled users about the platform’s legality and risks. These are allegations, not court findings.
Arkansas is asking a court to halt Kalshi’s operations in the state, order consumer restitution and impose civil penalties of up to $10,000 per violation. The case joins disputes in other states over whether event markets are gambling and whether the federal Commodity Futures Trading Commission has exclusive authority to regulate them.
