Utah AG Sues Kalshi and Susquehanna Over Event Contract Profits

Community Trust Score Verified 92 % Real Verified 38 votes Updated 35 seconds ago Utah Attorney General Derek Brown filed suit Tuesday against Kalshi, its affiliates, and two Susquehanna trading companies, asking a court to force them to hand back somewhere between $30 million and $60 million in profits. Brown says those profits came from event contracts that broke state law. The suit adds to the regulatory pressure around prediction markets, where state enforcement can quickly complicate growth even as user demand expands.

Source: The Currency Analytics