Utah Sues Kalshi, Claims Utahns Lost Millions in Illegal Gambling
The state says nearly 33,000 Utah accounts used Kalshi and residents lost up to $66 million in fees and betting losses.
- On Tuesday, Utah Attorney General Derek Brown filed a lawsuit at the Utah Capitol against Kalshi, seeking to block the prediction market platform from accepting wagers from Utahns due to state gambling prohibitions.
- Despite the Utah Constitution banning all gambling, Kalshi knowingly began offering betting services to residents by at least September 2024, advertising its activity as legal in all 50 States while ignoring state law.
- Filings reveal nearly 56,000 Utah accounts placed more than 3,059,160,000 Illegal Wagers on the platform, generating between $30.6 million and $61.2 million in fees from residents since 2024.
- The lawsuit seeks $30 to $60 million in profits, comparing Kalshi to 'the manager of a back-alley gambling den,' a characterization Brown asserts reflects harm inflicted on residents' mental health.
- District Court rulings have already established that Utah can enforce its regulations against the exchange, a legal battle Kalshi effectively lost after unsuccessfully arguing it fell under federal, not state, jurisdiction.
23 Articles
23 Articles
Cointelegraph
The New York LedgerUtah Officials to Seek Up to $60M from Kalshi in Lawsuit
On Tuesday, Utah Attorney General Derek Brown announced a complaint against Kalshi, its affiliates and two Susquehanna trading firms over alleged violations of state gambling laws.
Idaho Capital Sun
Utah sues Kalshi for ‘brazen pattern’ of violating state’s gambling ban
Utah Attorney General Derek Brown filed a lawsuit against the major prediction market platform Kalshi on Tuesday, seeking to block the company from taking bets from Utahns. “Utah has said no to gambling since statehood in 1896, and that didn’t change when betting moved onto cellphones,” Brown said during a news conference at the Utah […]
Utah Attorney General announces lawsuit against Kalshi gambling platform
SALT LAKE CITY, Utah, Oct. 20, 2026 (Gephardt Daily) — Utah Attorney General Derek Brown on Tuesday announced a lawsuit has been filed against Kalshi and related entities in Utah state court over illegal gambling offered to Utah residents through the company’s online prediction market platform. The complaint alleges that Kalshi lets Utahns bet on […] The post Utah Attorney General announces lawsuit against Kalshi gambling platform first appeared…
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