Mmastodon TechnologyGadgets first seen 1 d ago, last 1 d ago, peak #4

Kalshi and co-founders charged over Utah gambling law violations

Original: Kalshi and its co-founders face felony charges for violating Utah gambling laws Article URL: https:// arstechnica.com/te

Prediction market operator Kalshi and its co-founders are facing felony charges in Utah for allegedly violating the state's gambling laws. The charges arrive as the Trump administration sues Utah over its total ban on the platforms, setting up a clash between federal support for prediction markets and state-level crackdowns.

Why now: The felony charges escalate a high-stakes legal conflict between prediction markets and state gambling regulators.

KalshiUtahTrump administration

Open on mastodon →

Evidence

• Kalshi and its co-founders face felony charges for violating Utah gambling laws Article URL: https:// arstechnica.com/tech-policy/20 26/10/trump-admin-sues-utah-to-save-kalshi-from-the-states-total-ban-on-gambling/ Comments URL: https:// news.ycombinator.com/item?id=5 0353229… · techwire@gamefan.net · 1

API: https://socialmediatrends-api.osmike.com/v1/trends/4793993