Kalshi calls charges political overreach, vows to fight in court
1 Oct 28 3:30 PM · 14d ago · 49 articles · 27 posts · 7 comments · 6 sources · development 1 of 2
A Kalshi spokesperson dismisses the charges as politically motivated and says the company will contest them, pointing to its earlier success blocking Arizona's criminal case.
“This is a crazy overreach; Utah is clearly playing politics. We look forward to putting a stop to this in court, just like we did in Arizona.”
Kalshi spokespersonDerek Brown Utah Attorney General
Tarek Mansour Kalshi co-founderLuana Lopes Lara Kalshi co-founderKalshi Prediction market operatorCommodity Futures Trading Commission (CFTC) Federal derivatives regulator
The whole story articlespostscomments the bright band is this development · numbered dots are the others · click one to jump
Reported in the same hours no headline names this development itself — these 3 claims were published in its stretch
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first by ABC4 Utah, 14d ago · also Salt Lake Tribune, NPR Utah | KUER, Investing.com News, Reuters, Al Jazeera, Seeking Alpha +17
22 more headlines
- Utah files 14 criminal charges against Kalshi and its founders, says the site breaks the state’s gambling laws The Salt Lake Tribune · 14d ago
- Utah ups the ante in Kalshi gambling fight with felony charges NPR Utah | KUER · 14d ago
- Utah criminally charges Kalshi with promoting illegal gambling Investing.com News · 14d ago
- Kalshi, co-founders hit with criminal charges in US state of Utah Al Jazeera · 13d ago
- Utah AG charges Kalshi over alleged illegal gambling Seeking Alpha · 13d ago
- Utah files criminal charges against Kalshi over operations within the state Route Fifty · 13d ago
- Utah files criminal charges against Kalshi amid state rights battle Washington Examiner · 13d ago
- A $10 sports bet helped trigger 13 felony charges against Kalshi in Utah CryptoSlate · 13d ago
- Kalshi charged in Utah for promoting illegal gambling The Post Millennial · 13d ago
- Utah files criminal charges against Kalshi, executives over alleged illegal gambling The Block · 13d ago
- Kalshi, founders face 14 criminal charges following Utah gambling probe crypto.news · 13d ago
- Utah Files Felony Charges Against Kalshi, Co-Founders Over Sports Bets Decrypt · 13d ago
- Kalshi Slapped With Criminal Charges in Utah Over a State Agent's Sports Wagers Unchained · 13d ago
- Utah brings criminal charges against Kalshi, co-founders, claiming broken gambling laws Sports Business Journal · 13d ago
- Kalshi's Co-Founders Are Charged With Felony Gambling Counts in Utah 24/7 Wall St. · 13d ago
- Utah Hits Kalshi, Founders With Criminal Charges Over Sports Bets Bitcoin News · 13d ago
- Utah files 14 criminal charges against Kalshi and its co-founders Tarek Mansour and Luana Lopes Lara for allegedly breaking Utah's gambling laws Salt Lake Tribune · 13d ago
- Utah charges Kalshi and its CEO with illegally promoting online gambling HN Frontpage · 13d ago
- Utah Files Criminal Charges Against Kalshi Co-Founders Reason · 13d ago
- What is happening with Kalshi in Utah? Mashable · 13d ago
- Utah Escalates Kalshi Fight With Felony Charges Front Office Sports · 13d ago
- Kalshi and its co-founders face felony charges for violating Utah gambling laws HN Best · 8d ago
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first by Bloomberg, 14d ago · also Guardian, CoinDesk, Associated Press, Orlando Sentinel, Mercury News, NBC News +7
5 more headlines
- Utah files criminal charges against prediction market Kalshi and company co-founders Guardian US · 13d ago
- Utah charges predictions platform Kalshi with illegal gambling CoinDesk · 13d ago
- Utah charges Kalshi and its founders, escalating a fight over who can regulate prediction markets Associated Press · 13d ago
- Utah charges Kalshi, executives as prediction markets face legal showdown The Hill · 13d ago
- Utah charges Kalshi’s founders, escalating a war over who can regulate prediction markets NY Post · 12d ago
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first by Mastodon, 14d ago · also Ars Technica
What people said 24 voices · best of 51 · verbatim
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God probably knows, but others might not have seen the Trump Admin siding with gambling over State Constitutions...
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It's always plainly obvious what is illegal. Given the total lack of ambiguity, why do we even need all these courts and judges to decide stuff? After all, we're all intimately familiar the Commodity Futures Trading Commission Act of 1974, relevant state laws, and how the constitution would control the interaction bewtween these. /sI despise…
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TL;DR: The Trump administration has filed a lawsuit against Utah, seeking to overturn the state's ban on gambling for prediction markets, as part of a broader action against ten states attempting to restrict this emerging sector. https:// arstechnica.com/tech-policy/20…
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Pretty absurd to try to ban federally regulated futures; instead of sports markets specifically or parlays or something. Everything is so performatively adversial. No womder we collectively have such poor regulations. There’s barely any oxygen left in the room to debate them after zealots get attention for shouting at each other. .
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Funny what the Administration decides is and is not up to the states
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When did the US develop this entrenched gambling problem?When I lived there online poker and day trading was the extent that what seemed like a smallish fraction of the population was into. Though a lot of people watched poker.Now it seems like there is a whole generation of people betting on everything from football to heads of state getting…
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Kalshi, cofounders hit with criminal charges in US state of Utah https://www. aljazeera.com/economy/2026/10/ 29/kalshi-co-founders-hit-with-criminal-charges-in-us-state-of-utah?traffic_source=rss # aljazeera # worldnews # VSN
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When people vote for a referendum or whatever, the majority wins. In Utah, the people vote for a referendum, but the state politicians over ride the majority. That is. Not legal. That’s called communism
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Same week the NBA announced its new prediction market deals, Utah filed criminal charges against Kalshi and its founders for allegedly breaking its gambling laws and Reuters reported the CFTC is investigating Polymarket to see if it broke its 2022 enforcement agreement
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Polymarket and Kalshi also fuel very immoral and criminal behaviour's and make the very worst in people come to surface. It's amplifying only the worst in humanity!I have heard and seen: Bet's on the live & fate of a celebrity, person, company, country, weather etc.. It's getting absurdly criminal. You've seen the guy in France burning a…
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Utah files felony criminal charges against Kalshi, alleging the wagering website illegally promoted gambling in the state. https://www. abc4.com/news/local-news/utah- criminal-charges-kalshi/
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Point shaving and game fixing prosecutions have gone on for years before legalized gambling. I expect an industry destroying scandal will happen. The leagues are not doing squat to protect their sports.
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> They know what they are doing is illegalThis is a bad take. What they are doing is quite obviously legal right now. Federal law trumps state law and the feds have an opinion, despite being weird and controversial.There are a number of ongoing legal battles about the federal laws but until they work their way through the courts, it's "legal"…
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Funny what the Administration decides is and is not up to the states https:// arstechnica.com/tech-policy/20 26/10/trump-admin-sues-utah-to-save-kalshi-from-the-states-total-ban-on-gambling/
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Same principal applies to taxpayers in UT too. Both positions are frivolous and proof thatour current system lacks accountability at all levels of government.
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Kalshi is a trading platform. It's been more reliable than the stock market in my experience.In the times I traded sports contracts, I was able to reverse a trade during the event to prevent a total loss of contract investment, and buy back in if the momentum changed. But usually for the times I bought sports contracts and allowed it to complete…
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Fukushima practically had 3 natural disasters hit at the same time, and it wasn't as big of a disaster as it could have been
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kalshi and polymarket are quite obvious gambling sites. any pedantic arguments to the contrary are strictly financial chaff to enhance their operating margins until the regulations finally catch up.they were never an innovating marketing play... it was the culmination of a gambling company committing to regulatory capture as evinced by Donald…
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Heck other sites like Forbes had their own in-house "prediction market" now. Everyone's just looking for a piece of the pie.
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I'm not sure specifically about the moral crusade against Kalshi and Polymarket, but I am glad to see that at least one state is serious about its sovereignty and is willing to go to the mat with criminal charges. Utah 100% has a right to enforce this and I hope they are successful. And taking on the feds too, that is a gutsy move.We need at least…
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We are but it's just a drop on the bucket in the total corruption of trump and the republican party.
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> not sure specifically about the moral crusade against Kalshi and PolymarketWe're broadly feeling the effects from broad-spectrum gambling addiction. It's hitting our kids. It's hitting our young men. It's hitting our elderly. Restrictions on social media, regulation around gambling and folks trying to drink less are all, it seems, part of a…
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It’s a free money machine for them. I’d be shocked if they didn’t do everything in their power.
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Not sure - to the extent to which Kalshi is a nationwide futures market, it is hard to imagine a more clear "interstate commerce" example. Congress should probably just pass a law delegating regulation of "sports futures" to the states to remove any legal ambiguity. Sports gambling is obviously pretty net bad for young men.
All 2 developments of Utah hits Kalshi and co-founders with 14 criminal charges… →
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