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Utah sues Kalshi and Susquehanna firms over illegal wagers, seeking up to 61.2 million dollars, The Block reports
- Utah sues Kalshi and Susquehanna firms over illegal wagers, seeking up to 61.2 million dollars, The Block reports — Utah Attorney General Derek Brown sued Kalshi and two Susquehanna trading firms on October 20, alleging illegal gambling and estimating Kalshi collected between 30.6 million and 61.2 million dollars in fees from Utah accounts. The suit, described as the first state enforcement action targeting prediction market makers, seeks to block sports, election, politics and culture markets in the state and to require stricter geolocation checks. (The Block)
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