Arkansas Sues Kalshi, Alleging Illegal Gambling Operations

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The state of Arkansas has filed a lawsuit against the prediction market platform Kalshi, accusing it of operating illegal gambling. Arkansas joins Utah and several other U.S. states that have already brought criminal or civil charges against the company. The legal actions reflect growing scrutiny of prediction markets and whether their contracts constitute unlicensed wagering under state law. The article notes the mounting number of lawsuits facing Kalshi across multiple jurisdictions.

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