Arkansas Sues Kalshi Over Claims It Runs an Unlicensed Gambling Business for Residents Aged 18 and Over
Arkansas has sued Kalshi, saying the prediction market runs an unlicensed gambling business and lets people as young as 18 place real-money bets on sports. The state wants repayments, penalties, unpaid taxes and a court order to stop it, while Kalshi insists its contracts are federally regulated and outside state gambling law.
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