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TRX Utah sues Kalshi and Susquehanna firms over alleged illegal betting
The state of Utah is suing Kalshi and Susquehanna firms to halt alleged illegal betting, according to The Defiant. The state seeks injunctions, restitution and profits, alleging that market makers helped sustain wagering despite Kalshi's federal court defeat.
Why “Unverified”
- Reported by The Defiant alone, with no second source or primary confirmation yet
1 independent source group across 1 post · evidence score 52/100. How labels work
What the sources claim
-
Utah is suing Kalshi and Susquehanna firms to halt alleged illegal betting.
“Utah Sues Kalshi and Susquehanna Firms to Halt Alleged Illegal Betting”
The Defiant -
The state is seeking injunctions, restitution and profits in the suit.
“The state seeks injunctions, restitution and profits”
The Defiant -
Utah alleges market makers helped sustain wagering despite Kalshi's federal court defeat.
“alleging that market makers helped sustain wagering despite Kalshi’s federal court defeat”
The Defiant
Sources
More in Prediction Markets
Summary and claims extracted by AI with prompt analyze-story@5 on 2026-10-20 17:10 UTC. Labels are computed from the sources, not by the model.