crimeThursday, October 29, 20262 sources
State of Utah Files Criminal Charges Against Prediction Market Kalshi Corporation
On October 29, 2026, the State of Utah filed criminal charges against Kalshi Corporation, a prediction market platform based in the United States. The charges stem from alleged violations of financial regulations and market conduct, following an investigation by Utah's Department of Financial Institutions. Kalshi has not publicly commented on the matter.
The State of Utah's Department of Financial Institutions charged Kalshi Corporation with violating state laws related to financial regulations and market conduct. Kalshi operates a prediction market where users can bet on the outcomes of future events, a practice that has drawn regulatory scrutiny. The charges mark a significant development in the ongoing regulatory efforts to oversee financial markets in Utah.
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Utah files criminal charges against prediction market Kalshi
bloomberg
Utah Files Criminal Charges Against Prediction Market Kalshi
Sources
WireAFPOct 30, 12:05 AM
Utah files criminal charges against prediction market Kalshi - AFP.comUtah files criminal charges against prediction market Kalshi AFP.com
IndependentBloombergOct 29, 04:31 AM
Utah Files Criminal Charges Against Prediction Market Kalshi - BloombergUtah Files Criminal Charges Against Prediction Market Kalshi Bloomberg