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Utah Attorney General Files Lawsuit Against Kalshi Over Alleged Illegal Gambling Practices

Utah Attorney General Files Lawsuit Against Kalshi Over Alleged Illegal Gambling Practices

Utah AG Sues Kalshi to Recover Profits From Prediction Market
Utah AG Sues Kalshi to Recover Profits From Prediction Market

Utah Attorney General Derek Brown has filed a lawsuit against prediction market platform Kalshi, along with its affiliates and two Susquehanna trading companies, accusing the business of...

Utah sues Kalshi and Susquehanna firms over alleged illegal gambling
Utah sues Kalshi and Susquehanna firms over alleged illegal gambling

On October 20, Utah brought a lawsuit against Kalshi’s five companies and two trading companies that belong to Susquehanna, alleging illegal gambling and asking for restitution, injunctions and...

Utah AG Sues Kalshi, Seeks Damages Over Prediction Market Profits
Utah AG Sues Kalshi, Seeks Damages Over Prediction Market Profits

Utah Attorney General Derek Brown has filed a lawsuit against prediction market platform Kalshi, multiple affiliated entities, and two Susquehanna trading firms, alleging the companies have been...

Utah Sues Kalshi Over Alleged Illegal Gambling, Seeks to Recover Profits
Utah Sues Kalshi Over Alleged Illegal Gambling, Seeks to Recover Profits

Utah has filed a civil action against prediction market platform Kalshi, accusing it of offering illegal online gambling through markets covering sports, elections and culture.

Utah AG sues Kalshi, pursues profits from prediction market company
Utah AG sues Kalshi, pursues profits from prediction market company

Derek Brown likened the prediction market company to a "public nuisance" that was "causing a significant and substantial ongoing harm" to state residents.

Utah Sues Kalshi and Susquehanna Firms to Halt Alleged Illegal Betting
Utah Sues Kalshi and Susquehanna Firms to Halt Alleged Illegal Betting

The state seeks injunctions, restitution and profits, alleging that market makers helped sustain wagering despite Kalshi’s federal court defeat.... Read the full story at The Defiant

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