Arkansas files a Kalshi illegal gambling lawsuit, seeks restitution
Photo: The Cryptonomist
Arkansas has filed an illegal gambling lawsuit against Kalshi , accusing the federally regulated prediction market of bypassing state restrictions on casinos and sports betting. Attorney General Tim Griffin is seeking restitution and a ruling that the company violated the state’s deceptive trade practices act. The complaint describes Kalshi as a “pocket-sized bookie” and alleges it lets people as young as 18 stake real money on sports and entertainment outcomes. Arkansas also alleges that the platform’s gambling operations cause mental harm.
Source: The Cryptonomist
