Utah's attorney general brought criminal charges against Kalshi and two of its top executives, accusing the prediction market platform of illegally promoting online gambling and allowing an undercover agent to place wagers on sports events
Utah has filed criminal charges against Kalshi Inc, alleging the company illegally promoted online gambling in the state amid an escalating fight over prediction markets
UTAH CHARGES @Kalshi AND CO-FOUNDERS, ADDING PRISON RISK TO SPORTS-BETTING FIGHT
The case lists 13 felony counts and one misdemeanor. @CFTC is separately suing to block Utah’s enforcement against federally regulated exchanges.
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