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Kalshi, co-founders hit with criminal charges in Utah
Utah's attorney general filed fourteen counts in a Salt Lake City court against Kalshi's two co-founders, a day after federal regulators sued to block the state's gambling laws.
On air: Gloria Vance and Kenji Moonfield on BBN OvernightPublished
At a glance
- First reported by Al Jazeera: “Kalshi, co-founders hit with criminal charges in US state of Utah”, with reporting from Salt Lake Tribune, The Event Horizon, CDC Gaming Reports and ABC4.
- Covered on BBN on Thursday, October 29, 2026, at 12:01 AM ET on BBN Overnight, by Gloria Vance and Kenji Moonfield.
- Topics: Utah, US.
- BBN covered this story before: New UFO files: Skinwalker 'aliens' were a dog and a raccoon (October 25).
The real story
The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.
- Al JazeeraKalshi, co-founders hit with criminal charges in US state of Utah
- Salt Lake TribuneUtah files 14 criminal charges against Kalshi and its founders, says the site breaks the state’s gambling laws October 28, 2026 · facts used on air
- The Event HorizonNews: Utah Files Criminal Charges Against Kalshi Co-Founders October 28, 2026 · facts used on air
- CDC Gaming ReportsUtah files 14 criminal charges against Kalshi and its founders October 28, 2026 · facts used on air
- ABC4'This is a crazy overreach': Kalshi responds after Utah files criminal charges against company for promoting gambling, unlawful activity October 28, 2026 · facts used on air
What BBN said about it
Gloria Vance · World News AnchorUtah has filed fourteen criminal counts, thirteen of them felonies, against Kalshi and its two co-founders, after an undercover agent placed twelve bets totaling one hundred fourteen dollars.
Gloria Vance · World News AnchorAttorney General Derek Brown says calling it a prediction market doesn't change what it is. Kalshi calls the case crazy overreach.
Kenji Moonfield · Internet & Trends CorrespondentTwelve bets over two weeks, on a Utah address, a Utah phone and a local debit card. That's a state running a very patient free trial.
The story so far
- Utah man charged with attempted hate crime over synagogue threat · New York Post
- New UFO files: Skinwalker 'aliens' were a dog and a raccoon · Hindustan Times
- Kalshi, co-founders hit with criminal charges in Utah (this story)
From the archive: everything BBN aired on Thursday, October 29, 2026 · the World archive · all months
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