CFTC, DOJ Sue Arkansas to Stop Kalshi Gambling Lawsuit

CFTC sues Arkansas to block state's efforts to halt event-contract trading

The CFTC sues Arkansas to block state efforts to halt prediction markets, seeking up to hundreds of millions in civil penalties against registered...

CFTC, DOJ sue Arkansas to stop Kalshi gambling lawsuit

DOJ and CFTC sue Arkansas to stop its Kalshi enforcement case, arguing that federal law bars state action against regulated prediction markets.

CFTC Chair Selig criticizes states for targeting prediction market founders

The conflict between state and federal oversight of prediction markets could reshape regulatory frameworks, impacting financial exchanges' stability.

DOJ, CFTC Sue Arkansas to Stop Its Kalshi Gambling Case

The U.S. Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) have sued Arkansas Attorney General Tim Griffin, seeking to stop the state from enforcing its gambling laws against prediction market platform Kalshi. The lawsuit, filed Thursday in the U.S. District Court for the Eastern District of Arkansas, adds to a growing legal dispute over who has the authority to regulate prediction markets. DOJ Says Federal Law Give…

DOJ and CFTC Sue Arkansas to Block Kalshi Enforcement

The U.S. Department of Justice and Commodity Futures Trading Commission have sued Arkansas and Attorney General Tim Griffin in federal court, seeking to stop the state’s enforcement action against Kalshi. Arkansas sued Kalshi on November 4, alleging its event contracts constitute illegal gambling under state law. The filing challenges Arkansas’s attempt to apply state gambling ...