Utah charges predictions platform Kalshi with illegal gambling
Source: CoinDesk ·
From the source
Utah has filed criminal charges against betting platform Kalshi and its co-founders. Utah has filed criminal charges against prediction market platform Kalshi and its two co-founders, accusing the company of illegally promoting gambling in the state. Prosecutors brought 14 charges against KalshiEX LLC and founders Tarek Mansour and Luana Lopes Lara. These include a felony count for an alleged pattern of unlawful activity, 12 counts for promoting online gambling and one misdemeanor gambling charge. CoinDesk reached out to Kalshi for comment but did not receive a response by the time of publication. The case relies on evidence gathered by an undercover agent from the Utah Attorney General’s Office who used a local address, phone number, and debit card to access the platform in September. Kalshi reportedly allowed the agent to place 12 distinct sports wagers. These transactions, the state claims, prove the platform is actively promoting illegal gambling within its borders. Kalshi is a…