Utah sues Kalshi and Susquehanna firms to halt alleged illegal sports betting
Photo: Crypto Briefing
The state wants injunctions, restitution and disgorged profits after a federal court backed its anti-gambling laws Utah has taken its fight with Kalshi out of federal court and into its own. On October 20, 2026, Attorney General Derek Brown filed a civil lawsuit in Utah’s Third District Court against KalshiEx LLC and two trading firms affiliated with Susquehanna. The state’s core allegation: the companies kept offering sports and event contracts to Utah residents even after a federal judge confirmed Utah’s right to enforce its gambling ban. The complaint goes well beyond asking for a cease-and-desist.
Also reported by The Defiant.
Source: Crypto Briefing
