Utah sues Kalshi, saying it’s ‘the manager of a back-alley gambling den’

Utah estimates Kalshi has made between $30.6 to $61.2 million in fees from wagers placed by Utah accounts.

(Erin Hooley | AP) An ad for the prediction market app Kalshi is displayed on a mobile phone Thursday, April 16, 2026, in Chicago.

(Erin Hooley | AP) An ad for the prediction market app Kalshi is displayed on a mobile phone Thursday, April 16, 2026, in Chicago.

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| Oct. 20, 2026, 9:21 a.m.

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