Arkansas sues Kalshi over alleged deceptive trading and underage access

Arkansas Attorney General Tim Griffin filed a lawsuit against Kalshi, alleging the prediction-market platform misled customers by presenting its services as legal and safe while offering unlicensed gambling products and allowing underage users. The suit claims violations of the state's Deceptive Trade Practices Act and seeks unjust enrichment remedies, adding Arkansas to a growing list of states challenging Kalshi. For traders, the action signals mounting state-level legal risk for regulated prediction markets and could pressure Kalshi's operations and expansion.