Kalshi, co-founders hit with criminal charges in US state of Utah
Summary
Utah Attorney General Derek Brown filed criminal charges against prediction market Kalshi and its co-founders, accusing them of illegally promoting online gambling. The charges follow an August federal court ruling that Utah can enforce its anti-gambling laws against prediction markets.Key Facts
- The charges were filed Wednesday in a district court in Salt Lake City.
- The defendants are Kalshi, CEO Tarek Mansour and COO Luana Lopes Lara.
- The complaint alleges 12 counts of online gambling promotion.
- The complaint also alleges one count of general gambling promotion and one count of a pattern of unlawful activity.
- A federal judge ruled in August that Utah could enforce its anti-gambling laws against Kalshi and Polymarket.
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