Kalshi, founders charged, escalating fight over who can regulate prediction markets

Utah is pursuing criminal charges against prediction market operator Kalshi and two executives, after a federal judge rejected Kalshi’s effort to prevent Utah from enforcing its anti-gambling laws against the activity

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What happened

According to ABC News’s source item, Kalshi, founders charged, escalating fight over who can regulate prediction markets, Utah is pursuing criminal charges against prediction market operator Kalshi and two executives, after a federal judge rejected Kalshi’s effort to prevent Utah from enforcing its anti-gambling laws against the activity

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The development sits in VINI’s Markets file for readers following markets, companies, finance, insurance, public policy, and economic signals. The original report is linked so readers can check the source account, follow later updates, and compare new coverage against the first published record. The source item is dated 2026-10-29T01:16:05+00:00.

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Primary source: Kalshi, founders charged, escalating fight over who can regulate prediction markets via ABC News. VINI cites and links the source; it does not reproduce the publisher’s full article text without rights clearance.

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