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Utah charges Kalshi and its CEO with illegally promoting online gambling

Utah charges Kalshi and its CEO with illegally promoting online gambling
The Verge Thursday 29 October 2026, 17:40 UTC By Emma Roth 2 min read
Key Points

Utah has filed criminal charges against Kalshi and its executives, accusing the prediction market of breaking anti-gambling laws, as reported by The Salt Lake Tribune and the Associated Press. The state has filed 14 charges against Kalshi, as well as CEO Tarek Mansour and COO Luana Lopes Lara, including 12 counts of illegally promoting online gambling. The move marks an escalation in a nationwide battle against prediction market platforms like Kalshi and Polymarket.

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

The move marks an escalation in a nationwide battle against prediction market platforms like Kalshi and Polymarket. Utah has already sued Kalshi over claims that it's operating illegally in the state, joining several other states, including New York, Nevada, New Mexico, Washington, Connecticu …

Read the full story at The Verge.

Utah (LOCATION) Kalshi (PERSON) The Salt Lake Tribune (ORG) the Associated Press (ORG) Tarek Mansour (PERSON) Luana Lopes Lara (PERSON) Polymarket (PERSON) New York (LOCATION) Nevada (LOCATION) New Mexico (LOCATION) Washington (LOCATION) Connecticu (LOCATION)
Originally published by The Verge Read original →

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