Utah AG Slams Lawsuit on Kalshi Over Illegal Gambling Services, Eyes Recovery of $60m

Kalshi faces a new lawsuit in Utah as state officials seek to block its event contracts and recover millions in alleged gambling fees. Utah has sued prediction market operator Kalshi, accusing the company of illegally offering bets to residents in a state that prohibits gambling. The lawsuit seeks to shut down the platform’s operations in Utah and recover up to $61.2 million in fees, alongside compensation for alleged harm to residents.