Arkansas sues Kalshi over alleged unlicensed gambling
Arkansas has sued Kalshi in Independence County Circuit Court, alleging that its event contracts amount to gambling offered to residents without a state licence. The complaint seeks consumer restitution, civil penalties, taxes and an injunction; the amounts have not been determined, and the allegations have not been assessed by a judge. Kalshi has not publicly responded to this complaint.
The lawsuit could require Kalshi to obtain a state licence or face restitution, penalties, taxes and an injunction if the allegations are upheld.