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Kalshi, co-founders hit with criminal charges in US state of Utah

Al Jazeera Thursday 29 October 2026, 02:33 UTC 1 min read
Key Points

Kalshi, co-founders hit with criminal charges in US state of Utah The charges come after a federal judge ruled that Utah could enforce its anti-gambling laws against prediction markets. The US state of Utah has announced criminal charges against popular prediction market Kalshi and its two co-founders, accusing the platform and its executives of illegally promoting online gambling. Utah Attorney General Derek Brown filed the charges against Kalshi, chief executive officer Tarek Mansour and...

Kalshi, co-founders hit with criminal charges in US state of Utah The charges come after a federal judge ruled that Utah could enforce its anti-gambling laws against prediction markets. The US state of Utah has announced criminal charges against popular prediction market Kalshi and its two co-founders, accusing the platform and its executives of illegally promoting online gambling. Utah Attorney General Derek Brown filed the charges against Kalshi, chief executive officer Tarek Mansour and chief operating officer Luana Lopes Lara on Wednesday in a district court in Salt Lake City. Recommended Stories list of 4 items- list 1 of 4Israelis rally for Jewish-Arab government after election gains - list 2 of 4Riot police deployed in Madrid as protests erupt over deadly train crash - list 3 of 4Bolsonaro in Miami: I am the ‘true president-elect’ - list 4 of 4Serbians storm TV studio as pro-Vucic media faces reckoning The charges come after a federal judge in August ruled that Utah could enforce its stringent anti-gambling laws against prediction markets such as Kalshi and Polymarket. The criminal complaint accuses the defendants of 12 counts of online gambling promotion, one count of general gambling promotion and one count of pattern of unlawful activity. More to come…
Kalshi (PERSON) US (LOCATION) Utah Kalshi (LOCATION) Utah (LOCATION) Derek Brown (PERSON) Tarek Mansour (PERSON) Luana Lopes Lara (PERSON) Salt Lake City (LOCATION) Jewish (ORG) Madrid (LOCATION) Miami (LOCATION) pro-Vucic (ORG) Polymarket (PERSON)
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