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Crypto Regulation

Utah Attorney General Derek Brown filed criminal charges against Kalshi and its co-founders.
The state accuses CEO Tarek Mansour and COO Luana Lopes Lara of promoting illegal gambling.
Utah sent an undercover agent to place wagers on sports and elections through the Kalshi app.
The criminal charges follow a federal lawsuit filed by the CFTC to protect its jurisdiction.
Kalshi called the charges a crazy political overreach and vowed to fight the case in court.

Crypto Regulation5 days ago

Utah Files Criminal Charges Against Kalshi and Co-Founders Over Event Trading

State Attorney General files misdemeanor and felony charges despite federal CFTC preemption lawsuit.

Utah Attorney General Derek Brown filed criminal charges against Kalshi and its co-founders.
The state accuses CEO Tarek Mansour and COO Luana Lopes Lara of promoting illegal gambling.
Utah sent an undercover agent to place wagers on sports and elections through the Kalshi app.
The criminal charges follow a federal lawsuit filed by the CFTC to protect its jurisdiction.
Kalshi called the charges a crazy political overreach and vowed to fight the case in court.

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