https://www.live-feeds.com/feed/kalshi-co-founders-hit-with-criminal-charges-in-us-state-of-utahContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/kalshi-co-founders-hit-with-criminal-charges-in-us-state-of-utahhttps://www.live-feeds.com/feed/kalshi-co-founders-hit-with-criminal-charges-in-us-state-of-utah#u171442Tue, 03 Nov 2026 08:20:54 +0000Utah prosecutors filed 14 criminal counts against prediction market Kalshi and its co-founders under state anti-gambling laws following an undercover agent wager on sporting events. The action escalates a tense regulatory clash over whether federal oversight preempts state rules on platform event contracts. Kalshi condemned the prosecution as extreme overreach, while the state pursued the case after a federal judge ruled Utah could enforce its gambling bans against prediction markets.Why it mattersThe state-level criminal charges follow a federal court ruling allowing Utah to apply its gamblin