https://www.live-feeds.com/feed/utah-sues-kalshi-saying-it-s-the-manager-of-a-back-alley-gambling-denContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/utah-sues-kalshi-saying-it-s-the-manager-of-a-back-alley-gambling-denhttps://www.live-feeds.com/feed/utah-sues-kalshi-saying-it-s-the-manager-of-a-back-alley-gambling-den#u151990Sat, 24 Oct 2026 12:56:18 +0000The Utah attorney general has filed a lawsuit against the prediction market platform Kalshi, accusing the company of operating an illegal gambling business and describing it as the manager of a back-alley gambling den. The state claims that users in Utah have lost millions of dollars through the platform and is seeking up to $60 million in profits made off state residents. Officials also formally declared the online gambling activity a public nuisance while asking a judge to halt the company from offering wagers in Utah.Why it mattersThe legal action targets a prominent prediction market platf