Utah has escalated its legal action against prediction market platform Kalshi to criminal charges, filing one second-degree felony, twelve third-degree felonies, and a misdemeanor. The charges stem from wagers placed by users after the Tenth Circuit Court of Appeals declined to pause the state's gambling ban.
The move marks a significant shift in the regulatory battle between Utah and Kalshi, as the state pursues criminal rather than civil enforcement over activities it deems illegal under existing gambling laws.
Utah Escalates Kalshi Case to Criminal Charges With Felonies and Misdemeanor
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