Utah sues Kalshi over alleged illegal gambling, seeks up to $61.2M

Utah has filed a civil lawsuit against prediction market operator Kalshi , its affiliates and two Susquehanna trading firms , alleging violations of the state's gambling laws and seeking up to $61.2 million in restitution and other financial remedies. Attorney General Derek Brown announced the lawsuit Tuesday, October 20, in Utah's Third District Court , seeking to prohibit Kalshi from offering sports, elections, politics, and culture contracts to state residents. The complaint also requests geolocation restrictions and the recovery of profits allegedly obtained through unlawful transactions.