SALT LAKE CITY — In the aftermath of the Utah Attorney General's Office leveling criminal charges against Kalshi and two of its executives, other predictive markets have abruptly ceased trading in the state. DraftKings ceased allowing anyone in Utah to place…
Prediction market firm Kalshi faces another challenge in state courts. Utah filed criminal charges this week against CEO Tarek Mansour and COO Luana Lopes Lara. The charges come after a federal judge ruled against the company in August, affirming the…
The state’s criminal case against a $40 billion exchange and its two co-founders turns a jurisdictional dispute into a personal one. Investors raised the valuation the same week. Twelve bets and fourteen counts The criminal case grew out of an undercover…
Utah’s political class is mistaking prediction markets for gambling. Worse, in criminalizing prediction markets, the state of Utah is depriving its citizenry not just of the remunerative fruits of their knowledge, but also protection from the vagaries of business, weather,…
Utah filed criminal charges against prediction market operator Kalshi and two of its executives Wednesday, months after a federal judge rejected Kalshi's effort to prevent Utah from enforcing its strict anti-gambling laws against the activity. The felony charges could represent…
Utah officials have brought felony criminal charges against prediction market Kalshi and its two co-founders for allegedly illegally offering gambling to the state's residents. Tarek Mansour and Luana Lopes Lara each face one count of pattern of unlawful activity, a…
HARRISBURG, Pa. -- Utah on Wednesday filed criminal charges against prediction market operator Kalshi and two of its executives, months after a federal judge rejected Kalshi's effort to prevent Utah from enforcing its strict anti-gambling laws against the activity. The felony…
Latest legal battle between prediction market operator and Beehive State includes 13 charges levied against the company's co-founders. Utah became the second U.S. state to file criminal charges against Kalshi and its co-founders. One of the felony charges was of second degree,…
Utah prosecutors filed 13 felony counts against prediction market Kalshi and its two co-founders on Wednesday. The charges follow 12 sports wagers placed by an undercover state investigator in September. Attorney General Derek Brown alleges the company illegally promoted online gambling in…
by MARC LEVY Associated Press The felony charges could represent a new tactic in how states try to assert regulatory authority over the fast-expanding activity, a clash that appears headed to a showdown at the U.S. Supreme Court. The charges include…
Where the town gambles.
An article joins this feed when it matches these terms. Each one is also a search of its own.