regulationNovember 13, 2026
CFTC and US DOJ Back Kalshi in Arkansas Dispute
US federal authorities have asked a court to stop the prosecution of prediction markets in Arkansas. The Commodity Futures Trading Commission (CFTC) and the Department of Justice filed the corresponding request with a federal court.
The move followed a lawsuit against Kalshi filed by Arkansas Attorney General Tim Griffin on November 4. The platform was accused of organizing illegal gambling.
The federal side argues that oversight of event contracts falls exclusively under the CFTC's authority.
For those who hold or exchange cryptocurrency, the news matters because the dispute concerns who regulates event contracts — the federal regulator or an individual state's authorities.