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Kalshi, founders charged, escalating fight over who can regulate prediction markets

Published October 28, 2026 9:16 pm • Updated October 28, 2026 9:16 pm •
Kalshi, founders charged, escalating fight over who can regulate prediction markets
Photo via ABC News US

Utah is pursuing criminal charges against prediction market operator Kalshi and two executives, after a federal judge rejected Kalshi’s effort to prevent Utah from enforcing its anti-gambling laws against the activity

Utah is pursuing criminal charges against prediction market operator Kalshi and two executives, after a federal judge rejected Kalshi’s effort to prevent Utah from enforcing its anti-gambling laws against the activity

Source: ABC News US — Original report ↗

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Original source: ABC News US ↗