The US Department of Justice and the CFTC say Arkansas enforcement could lead to penalties of hundreds of millions of dollars and have applied for an injunction.
US DOJ and CFTC seek injunction over Arkansas enforcement, citing possible penalties
NewsFeeds update
The story so far: Kalshi state gambling oversight case
Louisiana sued Kalshi, Robinhood, Coinbase and Gemini over state gambling law, and a court issued a temporary restraining order barring those firms from serving local users without state authorisation. The CFTC has now sued Louisiana to block the state from barring CFTC-regulated exchanges from offering event…
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US DOJ and CFTC seek injunction over Arkansas enforcement, citing possible penalties
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