<p>Firm calls charges, which include violating state gambling ban and profiting from illegal activity, ‘crazy overreach’</p><p>Utah on Wednesday filed criminal charges against prediction market operator Kalshi and two of its executives, months after a federal judge rejected Kalshi’s effort to prevent Utah from enforcing its strict anti-gambling laws against the activity.</p><p>The felony charges could represent a new tactic in how states try to assert regulatory authority over the fast-expanding activity, a clash that appears headed to a showdown at the US supreme court.</p> <a href="https://www.theguardian.com/us-news/2026/oct/28/utah-criminal-charges-kalshi">Continue reading...</a>