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Susquehanna

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Utah sues Kalshi and Susquehanna over alleged illegal gambling

Utah Attorney General Derek Brown has sued Kalshi and market maker Susquehanna in Utah’s Third Judicial District Court, alleging illegal online gambling. The lawsuit estimates that Kalshi received between $30.6 million and $61.2 million in fees from its Utah operations and seeks to stop the service in the state. Kalshi disputes that its sporting event contracts constitute sports betting and says federal regulation applies.

Deals and partnerships

  1. Rothera reports more than US$3bn in prediction-market trading since May

    Investment · With Rothera (this company as investor) · Stated value: USD 3,000,000,000

  2. Robinhood and Susquehanna plan prediction-markets exchange for 2026

    Acquisition · With Robinhood (this company as partner)

  3. Robinhood and Susquehanna plan prediction-market venture after LedgerX stake acquisition

    Acquisition · With Robinhood (this company as partner), LedgerX (this company as acquirer)

  4. Robinhood plans prediction-markets exchange with Susquehanna liquidity support

    Acquisition · With Robinhood (this company as partner)

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