Arkansas challenges Kalshi’s event contracts in lawsuit seeking operating injunction
CDC Gaming reports the lawsuit, filed under the Arkansas Deceptive Trade Practices Act, argues Kalshi operates an illegal gambling business and that calling its products event contracts does not change that. Griffin also alleges Kalshi lets residents aged 18 to 20 buy contracts even though Arkansas requires casino customers to be at least 21.
Arkansas Attorney General Tim Griffin has sued Kalshi, seeking restitution, civil penalties and an injunction against its operations in the state, according to CDC Gaming.
The lawsuit, brought under the Arkansas Deceptive Trade Practices Act, alleges that Kalshi operates an illegal gambling business. The reporting provided does not describe a court ruling on those claims.
Dispute centers on product classification and age limits
Griffin’s argument challenges the distinction between event contracts and gambling. According to CDC Gaming, the lawsuit contends that describing Kalshi’s products as event contracts does not change the nature of the business.
The complaint also raises an age-access issue. Griffin alleges that Kalshi allows Arkansas residents aged 18 to 20 to purchase contracts, while the state requires casino customers to be at least 21.
What it means for prediction markets
- State access is at issue: The requested injunction targets Kalshi’s Arkansas operations. It is a remedy sought in the lawsuit, not a restriction reported as already imposed.
- Product classification is central: The case challenges whether the event-contract label distinguishes Kalshi’s offerings from illegal gambling under Arkansas law.
- Age eligibility is another point of contention: The allegations contrast access for residents aged 18 to 20 with Arkansas’s minimum casino-customer age of 21.
- The requested relief extends beyond an injunction: Griffin is also seeking restitution and civil penalties; the supplied reporting gives no amounts.
Sources & attribution
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- CDC Gaming
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