Utah charges Kalshi and its CEO with illegally promoting online gambling

Kalshi CEO Tarek Mansour. | Michael Nagle/Bloomberg via Getty Images Utah has filed criminal 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 state has filed 14 charges against Kalshi, as well 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 like Kalshi and Polymarket. Utah has already sued Kalshi over claims that it's operating illegally in the state, joining several other states, including New York, Nevada, New Mexico, Washington, Connecticu … Read the full story...

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