US government vs Arkansas: is Kalshi getting special treatment?

[Botnake]

Interesting news, the US government is suing Arkansas because the state filed a lawsuit against Kalshi, accusing the platform of operating an illegal gambling business.

This is the first time I've heard of the US government suing one of its own states, or maybe prediction markets are becoming more confident because the federal government is defending them in these legal battles. This is just Kalshi, so how much more for Polymarket, which also has the backing of Trump Jr.

Read the story.

Feds and CFTC sue Arkansas over prediction market crackdown

[yahoo62278]

Interesting news, the US government is suing Arkansas because the state filed a lawsuit against Kalshi, accusing the platform of operating an illegal gambling business.

This is the first time I've heard of the US government suing one of its own states, or maybe prediction markets are becoming more confident because the federal government is defending them in these legal battles. This is just Kalshi, so how much more for Polymarket, which also has the backing of Trump Jr.

Read the story.

Feds and CFTC sue Arkansas over prediction market crackdown

I'd say there will be more states that get the same notice as the article stated that multiple states are trying to do the same as Arkansas. If anything I'd say the government is only looking to control the money that can be made in taxes and the state get 0 of it. Just my opinion though.

[Hispo]

Interesting news, the US government is suing Arkansas because the state filed a lawsuit against Kalshi, accusing the platform of operating an illegal gambling business.

This is the first time I've heard of the US government suing one of its own states, or maybe prediction markets are becoming more confident because the federal government is defending them in these legal battles. This is just Kalshi, so how much more for Polymarket, which also has the backing of Trump Jr.

Read the story.

Feds and CFTC sue Arkansas over prediction market crackdown

And people wonder why there are folks who despite USA federal government.

I am sure this is not the first instance of the federal government suing one of its states, but the context of suing one of the states because they have already sued a company which is alledgelly introducing gambling/betting to the people of the state without having a license is kind of a wacky situation if you think about it.

If the federal government of the USA succeeds with this lawsuit, then it would create a powerful precedent and other suits against Kalshi in the USA could be dismissed.