The Block: US DOJ and CFTC Sue Arkansas Attorney General, Seeking to Block Kalshi Enforcement Action
According to The Block, the U.S. Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) have filed a lawsuit against Arkansas Attorney General Tim Griffin, seeking a court order to block the state's enforcement action against Kalshi. In the lawsuit, the federal agencies argue that the relevant event contracts fall under federal regulatory scope and that state-level enforcement infringes upon the CFTC's exclusive jurisdiction. Arkansas previously sued Kalshi on November 4, accusing it of operating an illegal gambling platform. Both parties' claims do not yet constitute a court ruling.
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