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Utah files 14 counts against Kalshi, CEOs

By Drooid · Oct 30, 2026 · How we work

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Summary

Utah filed 14 counts against Kalshi and its CEO Tarek Mansour and COO Luana Lopes Lara.
Charges include 13 counts of violating Utah’s gambling ban and one count of profiting from activity.
Judge rejected Kalshi’s request to block Utah enforcement, ruling Commodity Exchange Act does not preempt state law.
Analyst Daniel Wallach said felony case could become a bellwether for states targeting Kalshi and Polymarket.

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Utah filed 14 counts against Kalshi and its CEO Tarek Mansour and COO Luana Lopes Lara.
Charges include 13 counts of violating Utah’s gambling ban and one count of profiting from activity.
Judge rejected Kalshi’s request to block Utah enforcement, ruling Commodity Exchange Act does not preempt state law.
Analyst Daniel Wallach said felony case could become a bellwether for states targeting Kalshi and Polymarket.