Did Kalshi’s Federal Court Strategy Push Utah Toward Criminal Prosecution?
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Former CFTC counsel Peter Sanchez Guarda examines the shift toward criminal enforcement as Utah brings 14 counts each against Kalshi and its founders. Kalshi’s habit of taking state gambling regulators to federal court may be changing how those regulators fight back. Former Commodity Futures Trading Commission (CFTC) special counsel Peter Sanchez Guarda told Gambling Insider that states are increasingly turning to criminal prosecutions, which are harder for operators to transfer to federal court. States are evolving their tactics,” Sanchez Guarda said.
Source: Gambling Insider
