Arkansas Attorney General Tim Griffin has sued prediction market platform Kalshi and online gaming company VGW.
Prosecutors allege that the two companies operated in the state without licenses and misled users about the legality of their business activities. The lawsuit is based in part on the Arkansas Deceptive Trade Practices Act, and prosecutors are seeking remedies including restitution, penalties, taxes, and an injunction. The case has only been filed; the court has not yet issued a ruling.
#预测市场 #Regulation
Prosecutors allege that the two companies operated in the state without licenses and misled users about the legality of their business activities. The lawsuit is based in part on the Arkansas Deceptive Trade Practices Act, and prosecutors are seeking remedies including restitution, penalties, taxes, and an injunction. The case has only been filed; the court has not yet issued a ruling.
#预测市场 #Regulation