Update
Utah Files 13 Felony Charges Against Kalshi
Utah filed 13 felony charges against Kalshi, a prediction market platform, after an undercover agent placed $114.87 in sports bets. The charges stem from an investigation where a state agent confirmed his Utah location before placing the bets, which were subsequently processed by Kalshi. The filing names KalshiEX, CEO Tarek Mansour, and Chief Operating Officer Luana Lopes Lara as co-defendants, escalating a dispute over whether the platform must comply with state gambling laws. Prosecutors cited 12 third-degree felony counts of online gambling promotion and a misdemeanor gambling promotion charge, alleging that Kalshi collected revenue from unlawful gambling activity and reinvested the proceeds into its operations.