Utah files criminal charges against prediction market Kalshi and company co-founders

October 27, 2026 · 9:00 am 5 sources

Image: NPR

Coverage

Wires & papers of record

• Polymarket has investigated 'dozens' of election-related cases
  NPR · October 27, 2026 09:00
  The prediction market has hired a former FBI official to make sure political insiders don't use the platform for profit from confidential election information.
• Utah files criminal charges against prediction market Kalshi and company co-founders
  The Guardian · October 29, 2026 01:56
  Firm calls charges, which include violating state gambling ban and profiting from illegal activity, ‘crazy overreach’ Utah on Wednesday filed criminal charges against prediction market operator Kalshi and two of its executives, months after a federal judge rejected Kalshi’s effort to prevent Utah…
• Polymarket and Kalshi Turn Midterm Elections Into a Multimillion Dollar Market
  The New York Times · October 29, 2026 14:59
  Betting markets like Polymarket and Kalshi have transformed America’s democracy into a new kind of casino.

Coverage

• Kalshi, co-founders hit with criminal charges in US state of Utah
  Al Jazeera · October 29, 2026 02:33
  The charges come after a federal judge ruled that Utah could enforce its anti-gambling laws against prediction markets.
• Utah charges Kalshi and its CEO with illegally promoting online gambling
  The Verge · October 29, 2026 17:40
  Utah has filed criminal charges against Kalshi and its executives, accusing the prediction market of breaking anti-gambling laws, as reported by The Salt Lake Tribune and the Associated Press. The state has filed 14 charges against Kalshi, as well as CEO Tarek Mansour and COO Luana Lopes Lara,…