Tag: lawsuit Kalshi
Utah Sues Kalshi for $60 Million
October 21, 2026
A new civil lawsuit has been filed, as Utah sues Kalshi alleging unlawful gambling operations across the state. Attorney General Derek Brown announced the legal action in Utah Third District Court targeting the prediction market operator along with its affiliates and two Susquehanna trading firms. The complaint seeks financial restitution ranging from $30.6 million to $61.2 million based on alleged violations of statutes governing wagering and gaming activities. State officials maintain that the suit was filed because the platform illegally offered sports, elections, politics, and culture event contracts to state residents. According to the filing, the company generated millions in…















