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October 20, 2026 5:03 pm
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Utah Attorney General Derek Brown has sued prediction-market platform Kalshi and two Susquehanna-affiliated trading firms over alleged illegal online gambling, The Block reported. Brown argued Kalshi continued offering betting services after losing a federal court case over Utah gambling laws. More than 32,000 Utah residents currently hold verified Kalshi accounts, according to the report. Prosecutors are seeking to halt betting services in the state and recover related revenue.