AR ยท Checked Oct. 21, 2026
Prediction market law in Arkansas
No public action found
Arkansas's attorney general issued a non-binding opinion that Kalshi-style sports contracts need a gaming license, but no enforcement has followed.
In October 2025, Attorney General Tim Griffin answered a state senator's request with Opinion 2025-073, concluding that offering sports event contracts without an Arkansas gaming license fits the state's definition of gambling. AG opinions are advisory and do not bind courts, and no cease-and-desist letter, lawsuit, or prediction-market bill was found. Arkansas's attorney general has also joined multistate filings defending state authority over sports event contracts.
Timeline of state actions
Other development, Kalshi
The Arkansas attorney general joined a 37-state amicus brief in the Sixth Circuit (KalshiEX LLC v. Schuler) supporting Ohio's authority to apply its gaming laws to Kalshi.
Source: California Attorney General (coalition press release)
Other development
The Arkansas attorney general was one of 41 attorneys general on a comment letter asking the CFTC to confirm in rulemaking that it lacks jurisdiction over sports-related event contracts.
Regulator guidance, Kalshi
AG Opinion 2025-073, requested by Sen. Bryan King, concluded that a Kalshi-style business offering sports event contracts is gambling under Arkansas law and requires a license.
Source: Arkansas AG Opinion 2025-073
Laws and bills
No enacted laws or pending bills specific to prediction markets found.
Court cases
No court cases involving Arkansas found.