Yhn SportCricket first seen 4 d ago, last 36 min ago, peak #5
Utah files criminal charges against prediction market Kalshi
Original: Utah charges Kalshi and its CEO with illegally promoting online gambling
Utah has brought criminal charges against prediction-market platform Kalshi and its chief executive, accusing them of illegally promoting online gambling. The move marks an escalation in the growing legal battle between US states and prediction market operators, who argue their contracts are regulated financial products rather than bets. The case is likely to test whether event-trading platforms can keep operating outside state gambling laws.
Why now: Regulators escalating a high-profile legal fight over whether prediction markets count as gambling
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- Utah charges Kalshi and its CEO with illegally promoting online gambling · entryleveljobsc · 97
- Utah charges Kalshi and its CEO with illegally promoting online gambling · awkwardpotato · 13
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