Utah Attorney General declares online gambling public nuisance in lawsuit against Kalshi
Utah Attorney General Derek Brown filed a lawsuit against Kalshi, alleging its online prediction markets constitute a public nuisance.Summary
Utah Attorney General Derek Brown has filed a civil lawsuit against Kalshi and its affiliates, claiming the company's online prediction market services violate state anti-gambling laws. Brown alleges that Kalshi has served over 32,000 verified Utah users, causing "significant and substantial ongoing harm" to residents.
The lawsuit, filed in the state's Third District Court, seeks to mandate an end to online betting related to sports, elections, politics, and culture. Additionally, the state is requesting up to $60 million in restitution and the use of a geolocation provider to enforce the ban.
This legal action follows a federal judge's ruling in August that rejected Kalshi's attempt to claim exclusive jurisdiction under the Commodity Futures Trading Commission. Kalshi had argued its contracts were regulated exchange trades rather than illegal gambling, but the court's decision paved the way for Utah to enforce its state laws.
(Source：Baltimore News)