# Utah Files Felony Charges Against Kalshi and Its Co-Founders One Day After the CFTC Sued the State

Utah is the second state after Arizona to criminally prosecute a federally registered prediction market, and Robinhood's results show event contracts now earn it more than crypto trading does.

- Published: 2026-10-29T05:42:25.188Z
- Canonical: https://polylog.news/crypto/2026-10-29/utah-files-felony-charges-against-kalshi-and-its-co-founders
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/policy/2026/10/29/utah-charges-predictions-platform-kalshi-with-illegal-gambling), [CryptoSlate](https://cryptoslate.com/robinhood-posts-record-1-4-billion-revenue-but-a-14-profit-drop-exposes-hidden-portfolio-losses/), [CoinDesk](https://www.coindesk.com/policy/2026/10/28/cftc-chief-poses-questions-about-policing-ai-but-calls-it-a-road-to-autonomous-trading)

Utah Attorney General Derek Brown filed criminal charges on October 28 against KalshiEX LLC and its co-founders, Chief Executive Tarek Mansour and Chief Operating Officer Luana Lopes Lara. According to the Deseret News and The Defiant, the…

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