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Utah files criminal charges against prediction market Kalshi and company co-founders
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…
AI Summary
Utah filed criminal charges on Wednesday against prediction‑market operator Kalshi and two of its executives, accusing them of violating the state’s gambling ban and profiting from illegal activity. The charges come months after a federal judge denied Kalshi’s attempt to block Utah from enforcing its strict anti‑gambling laws.
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