Utah Attorney General Derek Brown filed criminal charges Wednesday against Kalshi, CEO Tarek Mansour, and COO Luana Lopes Lara, alleging they promoted illegal online gambling and allowed an undercover agent to place wagers. Brown said gambling is illegal in Utah regardless of labels like "prediction market" or federal registration. The charges follow Brown's Oct. 20 lawsuit against Kalshi and two Susquehanna firms, and come a day after the CFTC sued Utah to assert exclusive jurisdiction over prediction markets. Kalshi's earlier request to block Utah's enforcement was denied by a judge.

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