Arkansas sues KalshiEX LLC and Kalshi Inc., alleging operation of an illegal gambling platform

Odaily Report: Arkansas Attorney General Tim Griffin has filed a lawsuit against KalshiEX LLC and Kalshi Inc., the operators of the prediction market Kalshi. The state alleges that the two companies are offering an illegal gambling platform in Arkansas in violation of the state's deceptive trade practices law; it claims that Kalshi has not obtained the permits required to operate gambling within the state and has opened its platform to consumers, including individuals aged 18 and older, encouraging them to place real-money bets on sports and entertainment events and to profit from doing so. The state is seeking remedies including damages, fines, taxes, and injunctive relief.