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CFTC sues Utah to block state action against prediction markets as Utah files criminal charges against Kalshi founders, CryptoNews reports
- CFTC sues Utah to block state action against prediction markets as Utah files criminal charges against Kalshi founders, CryptoNews reports — On October 27 the CFTC sued Utah to stop the state using its gambling laws against CFTC-registered prediction markets, following Utah's October 20 civil enforcement action against Kalshi. On October 28 Utah filed criminal charges against Kalshi and co-founders Tarek Mansour and Luana Lopes Lara, alleging gambling violations and a pattern of unlawful activity. (CryptoNews)
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