Utah sues Kalshi and Susquehanna firms over alleged gambling operations
CIE News ·
Based on reporting by The Block; not yet independently confirmed.
Utah has filed a lawsuit against prediction platform Kalshi and Susquehanna firms, seeking to recover alleged gambling profits and block event betting.
The state of Utah has filed a lawsuit against prediction market Kalshi and Susquehanna firms, characterizing the platform as a "back-alley gambling den," according to The Block. Utah alleges profits were illegally generated through gambling and is seeking their recovery in court. The legal action also aims to block Kalshi from offering bets across sports, politics, and culture.
Key facts
- Lawsuit filed by Utah
- Kalshi named as defendant
- Susquehanna firms named
- Covers sports, politics, culture
Read the original at The Block