Polymarket and OG.com sue Arkansas over prediction-market enforcement
Regulation1 min read
Polymarket and Crypto.com-owned OG.com filed separate federal lawsuits against Arkansas officials, seeking to prevent enforcement of state gambling laws against their event-contract markets. Both companies cite the state’s recent case against Kalshi as evidence that they could face enforcement; the suits argue federal law pre-empts Arkansas law.
Prediction-market operators Polymarket and OG, which is owned by Crypto, have brought separate federal suits to stop Arkansas from applying state gambling laws to their markets. Their defendants include Attorney General Tim Griffin and members of the Arkansas Racing & Gaming Commission, according to the source.
QCX LLC, Polymarket’s U.S. exchange, filed in the Western District of Arkansas, according to the source. Polymarket requests declaratory and injunctive relief against anticipated enforcement, contending that federal law grants the Commodity Futures Trading Commission exclusive jurisdiction over event contracts.
The Eighth Circuit, which covers Arkansas and Missouri, has not ruled on the pre-emption question that has divided other federal appeals courts.