Arkansas files legal action accusing Kalshi of illegal gambling

CIE News ·

Based on reporting by CoinDesk; not yet independently confirmed.

Arkansas has initiated legal action against prediction market platform Kalshi over alleged illegal gambling operations, joining states such as Utah, CoinDesk reported.

The state of Arkansas has initiated legal action against Kalshi, accusing the prediction market platform of operating illegal gambling, according to CoinDesk. Arkansas joins a growing list of U.S. states pursuing civil or criminal charges against the company, following similar actions previously taken by Utah and other states targeting Kalshi's prediction market activities.

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