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Utah sues Kalshi and Susquehanna to shut down in-state operations and recover up to 61.2 million dollars, Covers reports
- Utah sues Kalshi and Susquehanna to shut down in-state operations and recover up to 61.2 million dollars, Covers reports — Utah Attorney General Derek Brown filed suit on October 20 seeking to stop Kalshi operating in the state, require third-party geolocation blocking, and recover restitution and profits the state estimates at 30.6 million to 61.2 million dollars in fees from Utah accounts. The suit also names market maker Susquehanna and follows a federal ruling that rejected Kalshi's argument that Utah gambling law does not apply. (Covers)
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