Kalshi and its co-founders face felony charges for violating Utah gambling lawsUtah's attorney general filed criminal charges against prediction-market Kalshi and its co-founders — 13 felony counts and a misdemeanor each over sports bets — weeks after Utah won a federal ruling letting it enforce its gambling ban. Kalshi calls the charges a political overreach, the CFTC is suing Utah to stop it, and a likely Supreme Court fight looms.