Utah Brings Criminal Charges Against Kalshi and Its Co-Founders

Crypto Insight Summary: The charging information lists 13 felony counts and one misdemeanor as the CFTC seeks to block Utah’s enforcement of gambling laws against federally regulated markets. Crypto Insight Analysis: Direction: Neutral Impact: No Impact Horizon: Short-term (1-3 days) Reasoning: The CFTC-Kalshi legal dispute is isolated from crypto markets with no clear asset-level read-through.