Arkansas sues Kalshi over alleged illegal gambling on sports and election contracts

5th November, 2026

Narayani Srinivasan
Digital wireframe gavel on network of glowing blue data connections.

The state is seeking restitution, penalties, taxes and an injunction, adding to challenges from US states that argue state gambling laws apply to CFTC-regulated prediction markets.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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