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Preemption

Prediction Markets

Utah brings criminal charges against KalshiEX and names its co-founders as co-defendants, two days after the CFTC sued the state

Utah's Attorney General has published a 14-count criminal information against KalshiEX LLC, including a second-degree felony count of pattern of unlawful activity. Kalshi's two co-founders are listed as co-defendants. The document is dated 28 October 2026, two days after the United States and the CFTC sued Utah in federal court to stop it enforcing its gambling laws against CFTC-regulated exchanges. The charges are allegations and have not been proven.

6 min read
Prediction Markets

United States and CFTC sue Utah seeking to halt its gambling case against Kalshi, as OG.com files its own suit

The United States and the CFTC have asked the federal court in Utah to declare the state's gambling, election-betting and public nuisance laws preempted as applied to CFTC-regulated exchanges, and to bar the state from investigating them. The suit follows Utah's 20 October case against Kalshi and two Susquehanna firms. OG.com filed a separate complaint the same day.

6 min read