Utah files felony gambling case against Kalshi, Mansour and Lopes Lara

Utah charged prediction-market company KalshiEX LLC on Wednesday with 13 felonies and one misdemeanor, naming CEO Tarek Mansour and COO Luana Lopes Lara as co-defendants. Attorney General Derek Brown filed the case Oct. 28 in Salt Lake County’s Third District Court, alleging the company promoted illegal online gambling after an undercover state agent placed 12 sports bets from Salt Lake and Davis counties between Sept. 13 and Sept. 24. The charges include one second-degree felony for a pattern of unlawful activity, 12 third-degree felonies for online-gambling promotion tied to each wager, and a Class A misdemeanor for promoting gambling generally. Kalshi called the charges an overreach and said it would seek to stop the case in court, citing Arizona.