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Utah files criminal charges against Kalshi and two executives

Associated Press reports Utah charged Kalshi and two executives with 13 gambling counts and a profiteering count, escalating a federal-state dispute.

Updated Oct 30, 2026 · 00:14 UTC3 reports

The short version

  • Utah has filed criminal charges against Kalshi and two executives, CEO Tarek Mansour and COO Luana Lopes Lara.[Associated Press]
  • The charges include 13 counts of violating Utah's gambling prohibition and one count tied to profiting from illegal activity.[Associated Press]
  • Utah's attorney general says Kalshi kept operating in the state despite a federal ruling that its gambling laws apply, and Kalshi has called the charges an overreach.[Associated Press]
  • The federal Commodity Futures Trading Commission has sued at least 10 states, including Utah, over state oversight of prediction markets, and an Arizona criminal case against Kalshi is on hold.[Associated Press]

Key facts

  • Utah filed criminal charges against Kalshi and CEO Tarek Mansour and COO Luana Lopes Lara.[Associated Press]
  • The charges include 13 counts of violating Utah's gambling prohibition and one count involving profiting off illegal activity.[Associated Press]
  • Utah Attorney General Derek Brown said Kalshi has continued operating in Utah despite a federal court ruling that state gambling laws apply to the company.[Associated Press]
  • Kalshi called the charges a crazy overreach and said Utah is clearly playing politics.[Associated Press]
  • The Commodity Futures Trading Commission has sued at least 10 states, including Utah, to try to stop state regulation of prediction markets.[Associated Press]
  • Arizona earlier this year became the first state to file criminal charges against Kalshi, and a judge later put that case on hold.[Associated Press]

What remains uncertain

  • Kalshi disputes the charges, and whether federal oversight preempts state anti-gambling laws for prediction markets remains unresolved in the reporting.[Associated Press]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.