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Utah hits Kalshi and co-founders with 14 criminal charges over sports betting

Utah charges Kalshi and founders with 14 criminal counts

2 Oct 28 3:30 PM · 14d ago · 5 articles · 1 source · development 2 of 2

Utah AG Derek Brown files charges against Kalshi and co-founders Tarek Mansour and Luana Lopes Lara: one second-degree felony count of pattern of unlawful activity, 12 third-degree felony counts of online gambling promotion, and one misdemeanor count of general gambling promotion, citing an undercover agent who placed a dozen sports bets on the platform in September.

Utah charges Kalshi and founders with 14 criminal counts
arstechnica.com

“Gambling is illegal in Utah, whether you place the bet, run the game, or promote it. Calling it a 'prediction market' doesn't change what it is, and being federally registered doesn't put a company above the law.”

Derek Brown

Derek Brown Utah Attorney GeneralTarek MansourTarek Mansour Kalshi co-founderLuana Lopes Lara Kalshi co-founderKalshi Prediction market operatorCommodity Futures Trading Commission (CFTC) Federal derivatives regulator

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Peak 26 pieces in 4h at Oct 29, 1 PM; 132 pieces over 15 days (59 articles · 37 posts · 36 comments) Oct 28, 1 AM — 5 pieces · 5 articles — Newswires 5Oct 28, 5 AM — quietOct 28, 9 AM — quietOct 28, 1 PM — 17 pieces · 13 articles · 4 posts — Google News 11, Mastodon 3, Newswires 1, +2 moreOct 28, 5 PM — 8 pieces · 4 articles · 4 posts — Mastodon 3, Google News 2, Newswires 2, +1 moreOct 28, 9 PM — 11 pieces · 5 articles · 6 posts — Newswires 4, Mastodon 3, Reddit 2, +2 moreOct 29, 1 AM — 5 pieces · 1 article · 4 comments — Reddit 4, Newswires 1Oct 29, 5 AM — 4 pieces · 2 articles · 2 comments — Reddit 2, Newswires 2Oct 29, 9 AM — 12 pieces · 6 articles · 5 posts · 1 comment — Newswires 4, Mastodon 3, Bluesky 2, +2 moreOct 29, 1 PM — 26 pieces · 20 articles · 6 posts — Newswires 20, Hacker News 2, Mastodon 2, +2 moreOct 29, 5 PM — 1 piece · 1 post — Hacker News 1Oct 29, 9 PM — 3 pieces · 1 article · 2 posts — Bluesky 2, Newswires 1Oct 30, 1 AM — quietOct 30, 5 AM — 1 piece · 1 post — Bluesky 1Oct 30, 9 AM — quietOct 30, 1 PM — quietOct 30, 5 PM — quietOct 30, 9 PM — quietOct 31, 1 AM — quietOct 31, 5 AM — quietOct 31, 9 AM — quietOct 31, 1 PM — quietOct 31, 5 PM — quietOct 31, 9 PM — 1 piece · 1 comment — Reddit 1Nov 1, 1 AM — quietNov 1, 4 AM — quietNov 1, 8 AM — quietNov 1, 12 PM — quietNov 1, 4 PM — quietNov 1, 8 PM — quietNov 2, 12 AM — quietNov 2, 4 AM — quietNov 2, 8 AM — quietNov 2, 12 PM — quietNov 2, 4 PM — quietNov 2, 8 PM — quietNov 3, 12 AM — quietNov 3, 4 AM — quietNov 3, 8 AM — 14 pieces · 2 articles · 5 posts · 7 comments — Hacker News 8, Newswires 2, Bluesky 2, +1 moreNov 3, 12 PM — 15 pieces · 2 posts · 13 comments — Hacker News 13, Mastodon 1, Bluesky 1Nov 3, 4 PM — 6 pieces · 1 post · 5 comments — Hacker News 5, Bluesky 1Nov 3, 8 PM — 2 pieces · 2 comments — Hacker News 2Nov 4, 12 AM — 1 piece · 1 comment — Hacker News 1Nov 4, 4 AM — quietNov 4, 8 AM — quietNov 4, 12 PM — quietNov 4, 4 PM — quietNov 4, 8 PM — quietNov 5, 12 AM — quietNov 5, 4 AM — quietNov 5, 8 AM — quietNov 5, 12 PM — quietNov 5, 4 PM — quietNov 5, 8 PM — quietNov 6, 12 AM — quietNov 6, 4 AM — quietNov 6, 8 AM — quietNov 6, 12 PM — quietNov 6, 4 PM — quietNov 6, 8 PM — quietNov 7, 12 AM — quietNov 7, 4 AM — quietNov 7, 8 AM — quietNov 7, 12 PM — quietNov 7, 4 PM — quietNov 7, 8 PM — quietNov 8, 12 AM — quietNov 8, 4 AM — quietNov 8, 8 AM — quietNov 8, 12 PM — quietNov 8, 4 PM — quietNov 8, 8 PM — quietNov 9, 12 AM — quietNov 9, 4 AM — quietNov 9, 8 AM — quietNov 9, 12 PM — quietNov 9, 4 PM — quietNov 9, 8 PM — quietYesterday, 12 AM — quietYesterday, 4 AM — quietYesterday, 8 AM — quietYesterday, 12 PM — quietYesterday, 4 PM — quietYesterday, 8 PM — quietToday, 12 AM — quietToday, 4 AM — quietToday, 8 AM — quietToday, 12 PM — quietToday, 4 PM — quiet 1–2
1–2Utah charges Kalshi and founders with 14…
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What was reported 3 claims about this development

  1. 24 outlets Utah files criminal charges against Kalshi for promoting gambling, unlawful activity

    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
  2. 14 outlets Utah Files Criminal Charges Against Prediction Market Kalshi

    first by Bloomberg, 14d ago · also Guardian, CoinDesk, Associated Press, Orlando Sentinel, Mercury News, NBC News +7

    5 more headlines
  3. 1 outlet A Utah undercover agent placed bets on Kalshi. Company founders now face criminal charges

    first by Deseret News, 14d ago

All 2 developments of Utah hits Kalshi and co-founders with 14 criminal charges… →

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