THE BLOCK · 2026-10-29 06:40 UTC

Utah files criminal charges against Kalshi, executives over alleged illegal gambling

Utah AG Derek Brown filed criminal charges against Kalshi and executives Tarek Mansour and Luana Lopes Lara for allegedly promoting illegal online gambling. The charges follow a lawsuit Brown filed last week over bets on sports, elections, and politics, and come as the CFTC sued Utah to block enforcement of its anti-gambling laws against prediction markets. Utah argues that calling bets 'event contracts' or 'prediction markets' does not change their nature as illegal gambling under state law.

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