Kalshi CEO’s midterm victory lap runs into a third state crackdown in one week

Kalshi has been sued again, as Attorney General of Arkansas Tim Griffin alleged on Wednesday that the platform, by offering illegal gambling to state residents, is operating in violation of the state’s Deceptive Trade Practices Act.  The lawsuit played spoiler as Kalshi’s CEO, Tarek Mansour, paraded the platform’s election markets’ success rate in forecasting the...