Utah files 14 criminal counts against Kalshi, its co-founders

Utah has filed 14 criminal counts, including 13 felonies, against prediction market Kalshi and co-founders Tarek Mansour and Luana Lopes Lara, The Salt Lake Tribune reported. The charges rest on 12 sports trades worth $114.87 placed by an undercover state agent. Kalshi called the charges "a crazy overreach", while the CFTC has sued Utah over its gambling laws.