Utah filed criminal charges against prediction-market platform Kalshi and its two co-founders
Utah Attorney General Derek Brown filed criminal charges against Kalshi and its co-founders for 14 alleged offenses, including 12 counts of online gambling promotion. The complaint alleges Kalshi kept offering gambling to Utah users after a federal judge ruled the state could enforce its laws. The CFTC sued Utah to block enforcement a day earlier.
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Utah has filed criminal charges against prediction-market platform Kalshi and its two co-founders, accusing them of illegally promoting online gambling. Utah Attorney General Derek Brown filed the charges against Kalshi, chief executive Tarek Mansour and chief operating officer Luana Lopes Lara. The complaint lists 12 counts related to online gambling, one count of general gambling promotion and one count of a pattern of unlawful activity. Reuters reported that it also accuses Kalshi of allowing an undercover agent to wager on sports events. Bloomberg said the complaint claims Kalshi continued to make online gambling available in Utah even after a federal judge said the state could enforce its anti-gambling laws against the platform. The charges followed a Commodity Futures Trading Commission lawsuit filed the previous day to block Utah from enforcing those laws against Kalshi.
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Reporting
- Al Jazeera — Kalshi, co-founders hit with criminal charges in US state of Utah | Economy | Al Jazeera
- LiveNOW from FOX — Utah files criminal charges against Kalshi over illegal gambling | LiveNOW from FOX
- U.S. News & World Report (with Reuters) — Utah Criminally Charges Kalshi With Promoting Illegal Gambling
- Bloomberg — Utah Files Criminal Charges Against Prediction Market Kalshi - Bloomberg
- Boston Herald — Utah charges Kalshi and founders, escalating prediction ...
- coindesk.com — Utah charges predictions platform Kalshi with illegal gambling
- valawyersweekly.com — Utah criminally charges Kalshi with promoting illegal ...
Verifier’s note
Al Jazeera, LiveNOW from FOX, CoinDesk, U.S. News carrying Reuters, Bloomberg, Virginia Lawyers Weekly, and the Boston Herald report that Utah brought criminal charges against Kalshi and its two co-founders over alleged illegal gambling. This matches the proposed event and its timing.