Utah Charges Kalshi Over Sports Betting
Utah prosecutors charged prediction market platform Kalshi and two executives with illegal gambling promotion. The state alleges the platform allowed undercover agents to wager on sports.
Utah filed criminal charges against prediction market platform Kalshi and two executives on October 28, accusing them of promoting illegal online sports gambling. The state action follows an escalating legal battle over state gaming authority in the United States. The dispute highlights jurisdictional conflicts between federal regulators and state laws that could ultimately reach the Supreme Court.
