DEVELOPING STORY, 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 itemslist 1 of 4Israelis rally for Jewish-Arab government after election gainslist 2 of 4Riot police deployed in Madrid as protests erupt over deadly train crashlist 3 of 4Bolsonaro in Miami: I am the ‘true president-elect’list 4 of 4Serbians storm TV studio as pro-Vucic media faces reckoningend of listThe 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, co-founders hit with criminal charges in US state of Utah
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