Utah files criminal charges against Kalshi and its executives over online gambling

Utah has brought criminal charges against prediction market platform Kalshi and two of its top executives, alleging violations of the state's anti-gambling laws. The state filed 14 counts in total, including 12 counts of illegally promoting online gambling, naming CEO Tarek Mansour and COO Luana Lopes Lara. The case represents a step up from Utah's earlier civil lawsuit, which argued the company was operating unlawfully within the state. The action is part of a broader legal fight across the U.S. over whether prediction markets such as Kalshi and Polymarket fall under gambling regulations. Several other states, including New York, Nevada, and Washington, have also taken legal action against such platforms.
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