Kalshi and its co-founders face felony charges for violating Utah gambling laws

October 28, 2026 n Jon Brodkinn

Summary

The federal government has filed a lawsuit against Utah to prevent the state from enforcing its gambling ban against the prediction market platform Kalshi. This legal action follows a previous state lawsuit aimed at stopping Kalshi from offering bets on sports, politics, and elections. Utah has now become the tenth state to face federal legal action regarding the platform.

This article was originally published on October 28 and updated on October 29 with information about the felony charges filed against Kalshi and its co-founders. The Trump administration is trying to stop Utah from enforcing its gambling ban against Kalshi, making Utah the 10th state sued by the US government agency that regulates prediction markets. Meanwhile, Utah Attorney General Derek…

Source: Read the full story at Ars Technica - All content

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