Arkansas sues Kalshi, accusing it of operating an unregulated gambling platform, Decrypt reports
Arkansas Attorney General Tim Griffin filed a lawsuit against KalshiEX LLC and Kalshi Inc. alleging violations of the Arkansas Deceptive Trade Practices Act. Kalshi, which is regulated by the Commodity Futures Trading Commission, has argued in other cases that its event contracts fall under exclusive federal jurisdiction and are not subject to state gambling laws.
Sources & attribution
- Published
- Source
- Decrypt
- Publisher
- The publisher did not list a web address.
- Source URL
- The feed did not publish this story's article address.
Full attribution under the Digital Millennium Copyright Act (DMCA), 17 U.S.C. § 512: this article is an original report by Infiniti Intelligence that summarizes the reporting of the publishers named above, links to their original work, and reproduces no protected expression beyond brief factual reference and in-line attribution (“according to Decrypt”). All rights in the underlying reporting remain with the publishers listed; nothing here implies endorsement by or affiliation with them. Rights holders may request correction, update or removal through the contact address published at infiniti.w3ai.io.
Related
- Contract on the unemployment rate being above 4.0 percent in October is priced at 94 percent on Kalshi, with 64,000 contracts traded, Yes/No Daily reports
- Alexander Zverev is priced at 87 percent to beat Alejandro Davidovich Fokina at the Shanghai Masters, up 12 points, with 370,000 dollars traded on Polymarket, Yes/No Daily reports
- Contract on Republicans winning the Senate race in Alaska is priced at 3.6 percent on Kalshi, with 2.56 million dollars in volume, PredictMarketCap reports
- Claire Liu wins contract is priced at 84 percent on Kalshi, with 758,400 dollars in volume, PredictMarketCap reports
- Where it rains on November 5 is led by Seattle at 4c on Kalshi, on $446K traded in 24 hours
- Trevor Lawrence winning the MVP award is priced at 12c on Kalshi, up 3c in 24 hours, on 86K contracts traded