Utah has filed 14 criminal charges against Kalshi and its co-founders for allegedly violating anti-gambling laws. The charges include counts of online gambling promotion and unlawful activity. Utah's Attorney General stated that gambling is illegal in the state, regardless of how it is labeled or if it is federally registered. He also mentioned a prior court ruling that Utah's gambling laws apply to Kalshi. The Commodity Futures Trading Commission (CFTC) is suing Utah to defend its exclusive authority over federally registered prediction markets. The CFTC argues that states should not be able to regulate these sites. CFTC Chairman Selig emphasized that these markets provide valuable information about future events. Congress has entrusted the CFTC with sole responsibility for overseeing these commodity derivatives. The CFTC is committed to defending its regulatory jurisdiction in these matters.