Utah Files Criminal Charges Against Kalshi and Its Co-Founders
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Utah has brought criminal charges against Kalshi and its co-founders as the CFTC seeks to prevent state gambling enforcement against federally regulated markets.
Utah has filed criminal charges against prediction market operator Kalshi and its co-founders, according to The Defiant.
The charging document contains 13 felony counts and one misdemeanor count. The report excerpt does not specify the individual offenses or how the counts are distributed among the defendants.
The case comes as the Commodity Futures Trading Commission seeks to block Utah from applying its gambling laws to federally regulated markets, highlighting a dispute over state and federal oversight.
Source: The Defiant
