US DOJ and CFTC Sue Arkansas to Block Its Enforcement Against Kalshi

Nov. 13 — According to The Block, the US Department of Justice and the Commodity Futures Trading Commission (CFTC) have sued the state of Arkansas and state Attorney General Tim Griffin in the US District Court for the Eastern District of Arkansas, seeking to block the state from taking enforcement action against prediction market platform Kalshi. The complaint states that the Commodity Exchange Act gives the CFTC exclusive jurisdiction over futures, options and swaps traded on regulated platforms. Griffin had previously sued Kalshi in state court on Nov. 4, accusing it of operating an illegal gambling platform.