Utah files lawsuit against Kalshi, calling it a 'back-alley gambling den,' seeking to block betting categories and claiming $61.2M in collected fees.

Regulation & Gov · 2026-10-20

Utah has filed a lawsuit against Kalshi, estimating the platform collected approximately $61.2 million in fees from Utah accounts, and is seeking to block several betting categories. The state's legal filing characterizes Kalshi's operations in language comparing them to an unregulated gambling venue and names Susquehanna-affiliated firms in the complaint.

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