The state of Arkansas has accused Kalshi of concealing transaction risks and allowing minors to use its services.

The state of Arkansas has accused prediction market platform Kalshi of claiming the platform was legal and safe while concealing the risks of professional traders and insider trading, and of allowing users under the age of 21 to use its products. The state of Arkansas is seeking to recover unpaid taxes by Kalshi during its operations in the state, and is also seeking civil penalties under state law for each violation, up to $10,000. (Source: Bitcoin.com News)