Utah sues Kalshi over alleged illegal gambling, seeks up to $61.2M
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Utah has filed a civil lawsuit against prediction market operator Kalshi, its affiliates and two Susquehanna trading firms, alleging violations of the state's gambling laws and seeking up to $61.2 million in restitution and other financial remedies. Attorney General Derek Brown announced the lawsui…
Utah has filed a civil lawsuit against prediction market operator Kalshi, its affiliates and two Susquehanna trading firms, alleging violations of the state's gambling laws and seeking up to $61.2 million in restitution and other financial remedies. Attorney General Derek Brown announced the lawsuit Tuesday, October 20, in Utah's Third District Court, seeking to prohibit Kalshi from...