Derek Brown

Rule Changes

Filed a civil suit against Kalshi on Oct. 20 and 14 criminal counts against the company and its two co-founders on Oct. 28

Utah's criminal case against Kalshi now has a courtroom date. A state court summoned chief executive Tarek Mansour and chief operating officer Luana Lopes Lara to answer 14 criminal counts in Salt Lake City on Dec. 4. The charges, filed Oct. 28, rest on 12 sports wagers a state investigator placed from a Utah address between Sept. 13 and Sept. 26.

Updated 3 days ago

Money Moves

Prosecuting Kalshi and its co-founders while the CFTC sues to block the case

Kalshi raised $1 billion at a $40 billion valuation, up from $22 billion in May. Sequoia Capital and Wellington Management co-led the round. The company says the money will pay for single-stock perpetual futures, contracts tied to computing costs and index products built with S&P.

Updated 6 days ago

Rule Changes

Announced the settlement and directed Utah's share to be paid in eggs

The Utah Food Bank received its first shipment of eggs on Oct. 5, the start of a 1.5 million-egg share from a multistate price-fixing settlement. Attorney General Derek Brown took Utah's share in eggs rather than cash, sending it to families who rely on food assistance.

Updated Oct 21

Rule Changes

As of September 2026: Filed felony charges against Kalshi and two executives on Oct. 28, 2026; defending the state's ban on appeal

Utah has pushed its fight with Kalshi from civil court into criminal court. On Oct. 28 the state charged the prediction market and two of its executives with a felony over bets offered in Utah, after a federal judge refused to pause the state's ban while Kalshi appeals.

Updated Sep 29