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Utah files 14 criminal counts against Kalshi and its two co-founders

Utah prosecutors charged KalshiEX and co-founders Tarek Mansour and Luana Lopes Lara with 13 felonies and one misdemeanor in Salt Lake County's Third District Court on Oct. 28, including 12 counts of online gambling promotion and one of a pattern of unlawful activity. The defendants were summoned rather than arrested, and Kalshi called the case an overreach it expects to beat. It escalates a fight in which the CFTC sued Utah earlier this week. Source: crypto.news

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