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Utah charges Kalshi, executives as prediction markets face legal showdown
Utah is bringing criminal charges against Kalshi and two of the company’s top executives, alleging they illegally profited from promoting and offering online gambling within the state. The prediction market platform, alongside CEO Tarek Mansour and chief operating officer Luana Lopes Lara, is facing 13 felony counts and one misdemeanor count, according to…
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Source context: Firm calls charges, which include violating state gambling ban and profiting from illegal activity, ‘crazy overreach’Utah on Wednesday filed criminal charges against prediction market operator Kalshi and two of its executives, months after a federal judge rejected Kalshi’s effort…
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Coverage from 10/29/2026, 1:56:18 AM UTC to 10/29/2026, 7:00:16 PM UTC. A missing source may reflect feed or matching limitations.
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1 publisher
Firm calls charges, which include violating state gambling ban and profiting from illegal activity, ‘crazy overreach’Utah on Wednesday filed criminal charges against prediction market operator Kalshi and two of its executives, months after a federal judge rejected Kalshi’s effort to prevent Utah from enforcing its strict anti-gambling laws against the…
1 publisher
Utah is bringing criminal charges against Kalshi and two of the company’s top executives, alleging they illegally profited from promoting and offering online gambling within the state. The prediction market platform, alongside CEO Tarek Mansour and chief operating officer Luana Lopes Lara, is facing 13 felony counts and one misdemeanor count, according to…
2 publishers
Utah has filed criminal charges against prediction market company Kalshi and two of its co-founders, escalating a legal battle over whether states can regulate event contracts as gambling. The charges come after the U.S. Court of Appeals for the 10th Circuit ruled in August that federal commodities law did not preempt Utah’s authority to regulate…
The state filed 14 criminal counts against the prediction market and its co-founders after an undercover agent wagered $114.87 on sporting events.
