⚖️ Arkansas has sued prediction-market platform Kalshi, accusing it of running an illegal gambling operation in the state.
Attorney General Tim Griffin filed the suit on Nov 4 against KalshiEX LLC and Kalshi Inc., saying the platform let Arkansas residents as young as 18 wager on sports, elections and entertainment without state gambling licences. The 57-page complaint, filed in Independence County Circuit Court, calls Kalshi a "pocket-sized bookie" and seeks restitution, civil penalties, unpaid gambling taxes and an injunction.
Arkansas is the seventh state to charge, sue or restrict Kalshi, according to a CoinDesk tally. Utah filed 14 criminal charges against the company and its co-founders last week, while the CFTC has sued 10 states defending its jurisdiction over prediction markets. Kalshi says its contracts are federally regulated derivatives, not gambling.
Kalshi took 82% of a record $72.3 billion in combined prediction-market volume in September, according to FM Intelligence.
#Kalshi #Arkansas #PredictionMarkets #Crypto #Regulation #CryptoNews #Zimbuck
Attorney General Tim Griffin filed the suit on Nov 4 against KalshiEX LLC and Kalshi Inc., saying the platform let Arkansas residents as young as 18 wager on sports, elections and entertainment without state gambling licences. The 57-page complaint, filed in Independence County Circuit Court, calls Kalshi a "pocket-sized bookie" and seeks restitution, civil penalties, unpaid gambling taxes and an injunction.
Arkansas is the seventh state to charge, sue or restrict Kalshi, according to a CoinDesk tally. Utah filed 14 criminal charges against the company and its co-founders last week, while the CFTC has sued 10 states defending its jurisdiction over prediction markets. Kalshi says its contracts are federally regulated derivatives, not gambling.
Kalshi took 82% of a record $72.3 billion in combined prediction-market volume in September, according to FM Intelligence.
#Kalshi #Arkansas #PredictionMarkets #Crypto #Regulation #CryptoNews #Zimbuck
162 Просмотры
