VidiaNews
Search news← All news
business

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

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.

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.

  • utah
  • kalshi
  • charge
  • state
  • founder
  • judge
  • law
  • prediction

Summaries and tags are generated automatically. Stay informed with VidiaNews.

Related news

FG steps up CNG push with fuel station revival, staff vehicle conversion
business

FG steps up CNG push with fuel station revival, staff vehicle conversion

—Initiative promotes cheaper energy, attracts private investment — Perm Sec ––Says 10 JAC vehicles, Villa shuttle buses already CNG-hybrid By Johnbosco Agbakwuru ABUJA–The Federal Government has renewed its drive to promote the adoption of Compressed Natural Gas (CNG) with the reopening of a former petrol filling station at the State House, Abuja, now converted into a CNG refuelling facility. Speaking at the inauguration of the facility in Karu, Abuja, Fashedemi disclosed that the project was executed through a partnership between the State House, the Presidential Initiative on Compressed…

Read →
UN, EU, Germany woo investors to Borno
business

UN, EU, Germany woo investors to Borno

…Zulum pledges business-friendly reforms By Ndahi Marama, Maiduguri The United Nations (UN), European Union (EU), German Government and other development partners are supporting efforts to attract private investment to Borno State to create jobs and help displaced families rebuild their livelihoods. At the third Borno State Private Sector Engagement and Investment Roundtable in Abuja on Thursday, representatives of the UN, EU and German Embassy pledged continued support for the state’s recovery through private sector investment.

Read →