The province of Utah submitted 14 charges against Kalshi.
The province of Utah submitted 14 charges against Kalshi.
by
Oct 29, 2026, 5:40 PM UTC
is a news author who covers the streaming wars, person tech, crypto, social media, and much more. Previously, she was a author and publishing company at MUO.
Utah has filed offender charges against Kalshi and its executives, accusing the prediction market of breaking anti-gambling laws, as reported by The Salt Lake Tribune and the Associated Press. The province has submitted 14 charges against Kalshi, as fine as CEO Tarek Mansour and COO Luana Lopes Lara, including 12 counts of illegally promoting online gambling.
The move marks an escalation in a nationwide battle against prediction market platforms akin Kalshi and Polymarket. Utah has already sued Kalshi complete claims that it’s functioning illegally in the state, joining multiple another states, including New York, Nevada, New Mexico, Washington, Connecticut, and others, in taking lawful act against the company. New York and Kentucky have sued Polymarket as well. In March, Arizona became the archetypal province to file offender charges against Kalshi, but a national fairness afterward blocked its case.
In the backdrop of these lawful battles, the Commodity Futures Trading Commission (CFTC) is fighting state-level attempts to control prediction markets, arguing that it has “exclusive jurisdiction” complete the platforms. States lately netted wins alongside two national appeals courts ruling against Kalshi and Polymarket’s bid to combat state-level oversight. However, the 3rd Circuit Court of Appeals ruled in April that the CFTC has the exclusive authority to control prediction markets in New Jersey, which lately asked the Supreme Court to obtain up its case.
Kalshi says Utah’s charges are a “crazy overreach” in a declaration provided to the Associated Press, adding: “We appearance onward to putting a halt to this in court, fair akin we did in Arizona.”
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