Tag: Utah

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CFTC Files Lawsuit Against Utah Over Prediction Markets

The US Commodity Futures Trading Commission (CFTC) announced legal action against Utah officials after the state’s attorney general said he would sue to compel...

Utah Officials to Seek Up to $60M from Kalshi in Lawsuit

Update (Oct. 20, 9:53 pm UTC): This article has been updated to include a statement from Kalshi.Utah Attorney General Derek Brown announced a lawsuit...

New York, Maryland and Utah to Hold Primaries with Crypto PAC Money Hanging over Voters

Political action committees (PACs) backed by cryptocurrency companies and aligned interest groups have bet more than $8 million to support candidates in Tuesday’s primaries...

Utah Set to Block Prediction Markets Like Kalshi and Polymarket

The US state of Utah is set to block prediction market platforms such as Kalshi and Polymarket, escalating a growing dispute between state regulators...

Southern Utah man sentenced to 3 years in prison for crypto-linked wire fraud scheme

Federal prosecutors said Brian Garry Sewell defrauded investors of nearly $3 million and ran an unlicensed cash-to-crypto business that moved more than $5 million.