States sue prediction markets and sweepstakes casinos together, arguing both use labels to stay outside gambling law, Casinopedia reports
Casinopedia reports Arkansas became the third state to sue a prediction market and a sweepstakes casino operator in the same push on November 4, after Kentucky in June and New York across 2026. Attorneys general argue both models sell real-money outcomes under a label meant to keep them outside state gambling law, while the CFTC argues federal law preempts state rules for registered exchanges.
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