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Arkansas senator asks attorney general for prediction-markets opinion

Regulation

Arkansas Senator Brian King asked Attorney General Tim Griffin for a formal opinion on the legality of prediction markets in the state. King’s questions cover whether platforms such as Kalshi need a gaming licence, whether sports event contracts face the fantasy-sports tax and what other rules or limits may apply.

The opinion could clarify whether prediction-market operators face Arkansas gaming licences, taxes or other state oversight.

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Enforcement & compliance

Arkansas attorney general sues Kalshi and VGW over alleged illegal gambling

Arkansas Attorney General Tim Griffin filed separate lawsuits against Kalshi and VGW on Wednesday, alleging that both offered illegal gambling in the state. He seeks financial penalties, customer-loss restitution and unpaid taxes; Kalshi did not respond to a request for comment before publication.

Arkansas Attorney General Tim Griffin filed separate suits on Wednesday against Kalshi, a prediction markets operator, and VGW, a sweepstakes operator. The complaints say both firms run unlawful gambling in the state. Griffin also wants large monetary penalties, with money returned to customers and tax payments returned to the state.

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