Arkansas sues VGW and Kalshi, citing $66 million in VGW taxable sales in one year
Arkansas Attorney General Tim Griffin has sued sweepstakes casino operator VGW and prediction market Kalshi on the same day, alleging illegal gambling under state law. The VGW complaint puts a dollar figure on the state's sweepstakes market and adds Arkansas to a growing list of states challenging the dual-currency model. The post Arkansas sues VGW and Kalshi, citing $66 million in VGW taxable…
Arkansas Attorney General Tim Griffin has filed two lawsuits against online gambling companies VGW and Kalshi, alleging illegal gambling under state law. The lawsuits allege that the companies are violating Arkansas laws and regulations regarding unlicensed gambling operations. The VGW lawsuit targets the Gold Coin/Sweeps Coin model used by almost all US sweepstakes casinos, while the Kalshi lawsuit accuses the prediction market of treating sports contracts as unlicensed casino gaming. The AG's office seeks restitution, penalties, taxes, and injunctive relief in both cases.
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