Kalshi founders face December 4 arraignment in Utah criminal case
The Coin Republic reports Utah brought 14 criminal counts against Kalshi, with an initial appearance and arraignment scheduled for December 4 at 8:30 AM in Salt Lake City's Third District Court. CEO Tarek Mansour and COO Luana Lopes Lara were named as co-defendants in the late October filing, which included 13 felony charges and one misdemeanor count.
Utah has brought 14 criminal counts against Kalshi, according to The Coin Republic, with co-founders Tarek Mansour and Luana Lopes Lara named as co-defendants.
Charges and court schedule
The filing, made in late October, includes 13 felony charges and one misdemeanor count. Mansour is Kalshi’s CEO, while Lopes Lara serves as COO.
An initial appearance and arraignment are scheduled for December 4 at 8:30 AM in Salt Lake City’s Third District Court, according to The Coin Republic. Both co-founders have been summoned to appear.
What remains unspecified
The report, published Nov 6, 2026 at 7:45 PM ET, establishes the charge totals, named co-defendants and court schedule. The supplied summary does not identify the specific offenses or describe the conduct alleged, limiting what can be concluded about the case’s scope.
What it means for prediction markets
- A dated legal event: The December 4 appearance provides a concrete milestone for readers tracking Kalshi’s legal exposure.
- Company and leadership involvement: The case names both Kalshi and its co-founders, rather than the company alone.
- Limited basis for outcome estimates: The charge totals and arraignment date do not establish guilt or indicate how the court will resolve the case.
Sources & attribution
- Published
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- The Coin Republic
- Publisher
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