Kalshi Slapped With Criminal Charges in Utah Over a State Agent’s Sports Wagers
By Unchained
AI summary of the source article
Utah filed a 14-count criminal complaint against Kalshi, its CEO, and COO, alleging unlawful online gambling promotion. The charges follow sports wagers placed by an undercover state agent after federal courts declined to shield Kalshi from Utah's gambling ban.
Key facts
- Utah filed 14 criminal counts against Kalshi and its executives, including 12 counts of felony online gambling promotion.
- An undercover state agent placed 12 sports bets on Kalshi totaling between $4 and $30 each in September.
- Federal courts had previously rejected Kalshi's claim that federal commodities law overrides Utah's state gambling statutes.
Source excerpt · Unchained
State prosecutors say an investigator kept betting from Utah after federal courts refused to pause the state's gambling ban, days after the CFTC sued to stop Utah's case. The post Kalshi Slapped With Criminal Charges in Utah Over a State Agent’s Sports Wagers appeared first on Unchained .