Arkansas Sues Kalshi, Joining a Growing List of States Targeting Prediction Markets
Summary
Arkansas has filed a lawsuit against the prediction market platform Kalshi. The state attorney general argues that wagering on sports outcomes constitutes illegal gambling and is seeking financial penalties, restitution, and unpaid taxes.
Attorney General Tim Griffin said betting on "whether the Razorbacks win or lose" is gambling, and wants restitution, penalties and taxes.
Source: Read the full story at Decrypt
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