“Gambling is illegal in Utah, whether you place the bet, run the game, or promote it. Calling it a ‘prediction market’ doesn’t change what it is, and being federally registered doesn’t put a company above the law,”

Derek Brown · said 2026-10-29 · reported 2026-10-29

Utah filed criminal charges against Kalshi, and Brown issued a statement saying gambling remains illegal regardless of how it is labeled.