Arkansas attorney general sues Kalshi and VGW over alleged illegal gambling
Arkansas Attorney General Tim Griffin filed lawsuits against prediction market platform Kalshi and gaming company VGW, alleging both operate illegal gambling platforms within the state. The suits were filed Wednesday. No further details on the specific claims or remedies sought were available in the report.
State-level enforcement against Kalshi adds to the platform's legal exposure beyond federal CFTC disputes, potentially creating a patchwork of state gambling laws that complicates national operations for regulated prediction markets.
Arkansas joins Utah, Ohio, Tennessee, Louisiana, and Missouri as the sixth state-level action against Kalshi, extending the attorney-general-led assault on federally registered prediction markets beyond civil penalties to felony criminal charges against co-founders Mansour and Lopes Lara.