Utah Files Felony Charges Against Kalshi, Co-Founders Over Sports Bets
Summary
Utah has filed felony charges against prediction platform Kalshi and its co-founders regarding sports betting operations. The legal action follows an undercover investigation where an agent successfully placed multiple sports wagers on the platform.
The state says an undercover agent placed a dozen sports wagers on Kalshi, a day after the CFTC sued Utah to block its enforcement actions.
Source: Read the full story at Decrypt
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