Utah Sues Kalshi and Susquehanna Firms Over Alleged Illegal Betting
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Utah is seeking to halt alleged illegal wagering involving Kalshi and Susquehanna firms, with a lawsuit requesting injunctions, restitution and profits.
Utah has sued Kalshi and firms associated with Susquehanna over what the state alleges is illegal betting, according to The Defiant.
The state alleges that market makers helped keep the wagering activity operating despite a federal court setback for Kalshi.
Utah is asking for injunctions to stop the alleged conduct, along with restitution and recovery of profits. The claims represent the state’s allegations, rather than findings of wrongdoing.
Source: The Defiant
