Utah charges Kalshi and its CEO with illegally promoting online gambling(apnews.com)

11 pointsby awkwardpotato3 hours ago1 comment

busterarm3 hours ago
Rich coming from Utah, the MLM/Ponzi fraud capital of the US.
Maybe they're just mad the company is based out of NY?
- ckrapu3 hours ago
  Gambling and fraud are rather different types of problems.
  At least they're taking a stand over it.
- toomuchtodo3 hours ago
  NY is also prosecuting Kalshi.
  New York sues prediction market platform Kalshi alleging ‘illegal gambling operation’ - https://apnews.com/article/prediction-markets-kalshi-lawsuit... - July 31st, 2026
  - James’ office is requesting that Kalshi be ordered to forfeit all illegal gains, pay restitution to consumers who were harmed and pay fines equal to three times the company’s gains. In a court filing, state officials provided a rough estimate of the damages and costs sought by the lawsuit — $36 billion.