Matt Wallace(@MattWallace888):Two of Kalshi’s top executives, Tarek Mansour and Luana Lopes Lara, are facing possible prison time in Utah if convicted. The state filed 14 criminal charges against the company (KalshiEX LLC) and both co-founders: one second-degree felony for a pattern of unlawful activity, 12 third-degree felonies for online gambling promotion, and one Class A misdemeanor for general gambling promotion. It is the first time a state has criminally charged the company’s leadership. This came months after a federal judge ruled in August 2026 that Utah can enforce its gambling laws against Kalshi’s sports contracts. It is the first case of its kind involving personal criminal charges against the founders.

2026.11.02 00:37

Two of Kalshi’s top executives, Tarek Mansour and Luana Lopes Lara, are facing possible prison time in Utah if convicted. The state filed 14 criminal charges against the company (KalshiEX LLC) and both co-founders: one second-degree felony for a pattern of unlawful activity, 12 third-degree felonies for online gambling promotion, and one Class A misdemeanor for general gambling promotion. It is the first time a state has criminally charged the company’s leadership. This came months after a federal judge ruled in August 2026 that Utah can enforce its gambling laws against Kalshi’s sports contracts. It is the first case of its kind involving personal criminal charges against the founders.