Utah Attorney General Files Lawsuit Against Kalshi, Seeking Up to $60 Million

Utah Attorney General Derek Brown has announced a civil lawsuit against prediction market operator Kalshi, alleging the platform illegally offered gambling products to Utah residents. The state is seeking the disgorgement of an estimated $30 million to $60 million in revenue generated from Utah users since 2024, with the final amount to be determined through litigation. The action marks a significant escalation in state-level enforcement against federally regulated prediction markets and carries implications for operators across the sector.