Utah charges Kalshi and its CEO with illegally promoting online gambling

Kalshi CEO Tarek Mansour. | Michael Nagle/Bloomberg via Getty Images

Utah has filed transgression charges against Kalshi and its executives, accusing the prediction marketplace of breaking anti-gambling laws, as reported by The Salt Lake Tribune and the Associated Press. The authorities has filed 14 charges against Kalshi, arsenic good arsenic CEO Tarek Mansour and COO Luana Lopes Lara, including 12 counts of illegally promoting online gambling.

The determination marks an escalation successful a nationwide conflict against prediction marketplace platforms similar Kalshi and Polymarket. Utah has already sued Kalshi implicit claims that it's operating illegally successful the state, joining respective different states, including New York, Nevada, New Mexico, Washington, Connecticu …

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