DOJ, CFTC Sue Arkansas to Block Kalshi Crackdown as Prediction Market Battle Escalates

The U.S. Department of Justice and Commodity Futures Trading Commission (CFTC) have filed a federal lawsuit against Arkansas, seeking to prevent the state from shutting down Kalshi’s prediction markets and imposing potentially hundreds of millions of dollars in penalties. The complaint, filed Thursday in the U.S. District Court for the Eastern District of Arkansas, names […]