Utah files criminal charges against prediction market platform Kalshi and its two co-founders.

According to CoinDesk, Utah has filed criminal charges against prediction market platform Kalshi (KalshiEX LLC) and co-founders Tarek Mansour and Luana Lopes Lara for illegally promoting gambling in the state. Prosecutors have filed a total of 14 counts, including one felony for alleged ongoing unlawful activity, 12 counts promoting online gambling, and one misdemeanor count for gambling. The prosecution is based on testimony from an undercover investigator with the Utah Attorney General's Office.