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# Utah Sues Kalshi and Susquehanna Over Sports Contracts
- URL: https://www.igamingnews.biz/utah-sues-kalshi-susquehanna-sports-contracts/
- Published: 2026-10-25T12:00:00.000Z
- Updated: 2026-10-25T12:27:36.000Z
- Description: Utah's attorney general sued Kalshi and Susquehanna, alleging Kalshi's sports event contracts are illegal gambling and seeking to shut its Utah operation.
- Author: iGamingNews Editorial Desk
- Tags: Regulation, United States, Prediction Markets

*Image credit: Illustration by iGamingNews Editorial Desk. Not a depiction of any licensee or regulator.*

**Utah Attorney General Derek Brown has sued Kalshi and Susquehanna, alleging that Kalshi's sports event contracts are illegal gambling under Utah law.**

The suit was filed in Utah's Third Judicial District Court in Salt Lake County. It names several Kalshi companies and Susquehanna, which the complaint describes as one of Kalshi's primary market makers. The lawsuit claims that Susquehanna "is profiting from illegal bets placed by Utah residents".

The state estimates that Kalshi "has received between $30.6 million and $61.2 million in fees from its Utah operations". It asks the court to shut down Kalshi's Utah operation, to require a third-party geolocation provider to block Utah residents, and to order restitution and disgorgement of the defendants' gains.

Coverage reports that Kalshi argues its sporting event contracts do not constitute sports betting, and that prediction markets are regulated by the Commodity Futures Trading Commission. The reporting does not include a direct Kalshi statement on the new suit.

The case builds on a dispute that predates it. Kalshi sued Utah first, in February. A court denied Kalshi's request for an injunction in August, and the Tenth Circuit also denied an emergency injunction pending appeal.

These are allegations, and no court has ruled on the state's claims. The suit runs alongside Kalshi's own case against Utah, which is now on appeal.