Kalshi, co-founders hit with criminal charges in US state of Utah

DEVELOPING STORYDEVELOPING STORY, The charges come after a federal judge ruled that Utah could enforce its anti-gambling laws against prediction markets.Published On 29 Oct 202629 Oct 2026The US state of Utah has announced criminal charges against popular prediction market Kalshi and its two co-founders, accusing the platform and its executives of illegally promoting online gambling.Utah Attorney General Derek Brown filed the charges against Kalshi, chief executive officer Tarek Mansour and chief operating officer Luana Lopes Lara on Wednesday, a day after US President Donald Trump’s administration sued the state to block its civil enforcement actions against the platform.Recommended Stories list of 4 itemslist 1 of 4Israelis rally for Jewish-Arab government after election gainslist 2 of 4Riot police deployed in Madrid as protests erupt over deadly train crashlist 3 of 4Bolsonaro in Miami: I am the ‘true president-elect’list 4 of 4Serbians storm TV studio as pro-Vucic media faces reckoningend of listAccording to the criminal complaint filed in a Salt Lake City court, Kalshi facilitated an undercover law enforcement officer’s wagers on sports events, including games in the NFL.The c...