Kalshi Gets DOJ Backing Against Arkansas Amid Prediction Markets Turf War

The U.S. and the CFTC say federal law gives the agency exclusive say over Kalshi’s event contracts and asked a judge to stop Arkansas from enforcing state law against them. The United States and the Commodity Futures Trading Commission (CFTC) , the federal derivatives regulator, sued the State of Arkansas and Attorney General Tim Griffin on Nov. 12, asking a federal judge to stop the state’s case against prediction market Kalshi . Department of Justice lawyers are representing the United States in the case, and CFTC lawyers the agency, the complaint’s signature block shows. The complaint, filed in the U.S.