Kalshi and Founders Targeted by 14 Criminal Charges in Utah
Photo: GamblingNews
The state of Utah in the US has filed 14 criminal charges against Kalshi and its co-founders, accusing the company of violating state gambling laws by allowing users to wager on sporting events. The charges, announced Wednesday, October 28, include 13 felony counts against the prediction market platform and its founders Tarek Mansour and Luana Lopes Lara , according to documents filed by the Utah Attorney General’s Office. The case adds to an escalating legal dispute over whether prediction markets should be regulated as financial products or treated as gambling under state law.
Also reported by Sports Betting Dime.
Source: GamblingNews
