Kalshi, co-founders hit with criminal charges in US state of Utah

Al Jazeera reports: The charges come after a federal judge ruled that Utah could enforce its anti-gambling laws against prediction markets. The US state of Utah has announced criminal charges against popular prediction market Kalshi and its two co-founders, accusing the platform and its executives of illegally promoting online gambling. Utah Attorney General Derek Brown filed the charges against Kalshi, chief executive officer Tarek Mansour and chief operating officer Luana Lopes Lara on Wednesday, a day after US President Donald Trump’s administration sued the state to block its civil enforcement actions against the platform.

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