State v. operator
Arkansas v. Kalshi lawsuit
State of Arkansas v. KalshiEX LLC
Arkansas Circuit Court, Independence County, 32CV-26-717
Pending
Cite this page
Bluebook
State of Arkansas v. KalshiEX LLC, Prediction Market Laws (last updated Nov. 7, 2026), https://predictionmarketlaws.com/lawsuits/ar-v-kalshi.
APA
Prediction Market Laws. (2026, November 7). State of Arkansas v. KalshiEX LLC. https://predictionmarketlaws.com/lawsuits/ar-v-kalshi
Complaint filed Nov. 4, 2026. No order reported as of Nov. 7, 2026.
The question
Whether Kalshi's sports and entertainment event contracts violate Arkansas gambling and consumer-protection law, or whether federal commodities law displaces the state's claims.
Arkansas's attorney general filed a 57-page civil complaint alleging that Kalshi operates an illegal gambling platform in the state. It asserts claims under the Deceptive Trade Practices Act and for unjust enrichment, and seeks an injunction, restitution, civil penalties and unpaid taxes. These are allegations.
The claims in this case are allegations. They have not been proven, and the defendants dispute them or have not yet responded.
Docket timeline
Press coverage reports the suit, which the attorney general says targets unlicensed gambling on sports and entertainment events.
Source: coindesk.com
Attorney General files suit against KalshiEX LLC and Kalshi Inc.
Source: defirate.com