World news brief
Utah files criminal charges against prediction market Kalshi and company co-founders
NEWS DESKWorld
PUBLISHEDOct 29, 2026, 1:56 AM
What the source reports
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 from enforcing its strict anti-gambling laws against the activity.
The felony charges could represent a new tactic in how…
Main source: The Guardian World
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