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…

In a “shocking” announcement, Governor Gary Herbert said he does not support horse racing in Utah, or the bill submitted there to regulate parimutuel betting. Senator David Hinkins filed the bill, and it would allow counties to decide whether they want to allow betting on horse racing or not. However, the governor of the state has already expressed “serious concerns about allowing parimutuel betting into Utah.” The governor’s spokesman Paul Edwards said in a statement that “parimutuel betting doesn’t add to economic prosperity.” Moreover, the spokesman said that because of how federal law treats gaming on Indian reservations, horse racing…

A Utah lawmaker rolled out a bill seeking to legalize horse race betting, despite the fact that gambling is for the time being illegal in Utah. The new bill called SB181 is sponsored by Senator David Hinkins. It will provide local voters with the chance to make decisions on the fate of wagering on horse racing or so-called “parimutuel betting” in each county. According to the bill’s sponsor, the proposed piece of legislation is to be backed by some counties across the state. Senator Hinkins has further shared that to him, the state ban on horse race betting is an…