Utah Prosecutors File 13 Felony Charges Against Kalshi and Co‑Founders for Sports Betting Promotion
Current overview (not historical)
Utah state prosecutors have filed 13 felony charges against the prediction‑market platform Kalshi and its co‑founders, Tarek Mansour and Luana Lopes Lara, alleging that the company illegally promoted gambling within the state. An undercover agent from the Utah State Bureau of Investigation reportedly placed 12 sports wagers on Kalshi in September while physically located in Utah, triggering the charges. Kalshi is accused of profiting from the fees collected on each bet. The indictment carries the possibility of jail time for the defendants. The case highlights the growing scrutiny of online prediction markets and their compliance with state gambling laws.
Written with AI from the reporting · updated 10/30/2026
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- 1Unclassified fact stationOct 29, 00:00recorded Oct 29, 19:34single sourcerevised
Utah filed felony charges against Kalshi and co-founders ove
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- Subject：
- kalshi
- Action：
- filed felony charges
- Object：
- illegally promoting gambling
- Occurred (fact side)：
- Oct 29, 00:00
- Published (valid side)：
- Oct 29, 19:06
- First seen (known side)：
- Oct 29, 19:34
Fact stationSingle source · one-sided claimRevisedCopy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
- 2Unclassified fact stationOct 30, 21:15single sourcereport-time onlyrevised
Kalshi因12次体育博彩交易被提起13项重罪指控，官方称系‘疯狂过度伸张’
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- Occurred (fact side)：
- not recorded
- Published (valid side)：
- Oct 30, 21:00
- First seen (known side)：
- Oct 30, 21:15
Fact stationSingle source · one-sided claimRevisedReport-time onlyCopy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
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- CryptoSlateSelectedRelated fact: single sourceFact occurrence time unverifiedSource report revisedUtah Files 13 Felony Charges Against Kalshi After $115 Sports Bet Investigation
Report first recorded Oct 30, 21:15
Utah prosecutors filed 13 felony counts against Kalshi and its founders, CEO Tarek Mansour and COO Luana Lopes Lara, after a state undercover agent placed 12 sports wagers totaling $114.87 on the platform between September 13 and September 26. The agent created a Kalshi account using a Utah residential address, phone number and locally issued debit card, and confirmed his Utah location via the platform’s location services before placing a $10 bet on a Dallas Cowboys‑New York Giants game. Kalshi allowed the transaction, collected a 44‑cent fee, and subsequently accepted 11 more bets across football, baseball, soccer and hockey. The charges include third‑degree felony counts of online gambling promotion, a second‑degree felony for a pattern of unlawful activity, and a misdemeanor gambling promotion charge. The case escalates a national dispute over whether federally regulated prediction markets must comply with state gambling laws, with the Commodity Futures Trading Commission (CFTC) already suing Utah to prevent enforcement of its restrictions.
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- DecryptRelated fact: single sourceSource report revisedUtah Files Felony Charges Against Kalshi and Co‑Founders for Illegal Sports Betting Promotion
Report first recorded Oct 29, 19:34
Utah prosecutors have charged KalshiEX LLC and its co‑founders, CEO Tarek Mansour and COO Luana Lopes Lara, with a second‑degree felony pattern of unlawful activity, 12 third‑degree felony counts of online gambling promotion, and a misdemeanor gambling promotion charge. The case stems from an undercover state agent who, in September, placed 12 sports wagers—NFL and college games—on Kalshi while passing a location check that confirmed the agent was in Utah. Kalshi, which markets itself as a prediction‑market platform and is federally registered with the CFTC, says the charges are a “crazy overreach” and has already sued Utah to block enforcement of its gambling laws. The state’s Attorney General, Derek Brown, stated that “calling it a ‘prediction market’ doesn’t change what it is” and that federal registration does not exempt the company from state law. The lawsuit follows Utah’s prior state‑court filing against Kalshi and the CFTC’s recent suit to stop Utah from enforcing its gambling statutes against federally regulated exchanges.
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- Comparable peak
- 15Oct 30, 21:00
- 24h change
- -49%
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