Utah Attorney General Sues Kalshi, Seeks Company Profits
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Utah Attorney General Derek Brown has sued prediction market company Kalshi, alleging ongoing harm to state residents and seeking its profits.
Utah Attorney General Derek Brown has filed a lawsuit against prediction market company Kalshi and is seeking its profits, according to Cointelegraph.
Brown characterized the company as a public nuisance, alleging that its activities were causing serious, continuing harm to Utah residents.
The claims reflect the attorney general’s allegations rather than a court finding. The supplied report did not detail the legal basis for recovering profits or include a response from Kalshi.
Source: Cointelegraph
