Utah Files 14 Criminal Charges Against Kalshi and Two Executives

Utah filed 14 criminal charges on October 28, 2026, against Kalshi, a prediction market platform where people trade on future events, and two executives: chief executive Tarek Mansour and chief operating officer Luana Lopes Lara. Thirteen counts allege violating the state's gambling ban; one involves profiting from illegal activity. Kalshi called the charges a "crazy overreach."