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VGW says Laurence Escalante will temporarily leave chief executive role

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VGW said Laurence Escalante would temporarily step aside as chief executive after appearing in a Perth court on eight charges. Escalante's lawyers said he intends to contest the charges; the court granted him bail subject to conditions.

VGW's leadership arrangements are changing temporarily while its chief executive faces criminal charges.

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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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