Utah Attorney General Derek Brown charged KalshiEX LLC, CEO Tarek Mansour and COO Luana Lopes Lara on October 28 with illegally promoting online gambling. The 14-count indictment is based on 12 sports-related wagers placed in September by an undercover state agent who confirmed Utah residency. The charges follow an October 20 civil lawsuit seeking to block Kalshi’s operations in the state and recover $30.5 million to $61.1 million collected from Utah users. They come after an August 4 ruling finding Utah’s gambling laws applicable and the Tenth Circuit’s September 8 refusal to stay that decision, while the CFTC and the Department of Justice have sued Utah over federal regulatory authority.
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