Utah has charged Kalshi, its CEO and co-founder Tarek Mansour, and co-founder and COO Luana Lopes Lara with 13 felonies and one misdemeanor each. The charges concern sports bets offered from September 13 to 24; the founders received summonses, not arrest warrants. The company says the prosecution is political overreach and plans to fight it, citing its successful defense against similar charges in Arizona. Utah, where gambling is barred by both state law and the constitution, is also pursuing a civil case to stop Kalshi from offering bets on sports, elections, politics, and other events.
The federal Commodity Futures Trading Commission is suing Utah to block enforcement against Kalshi and other CFTC-registered markets, arguing that federal law gives it exclusive authority over event contracts and preempts state gambling rules. That position faces an earlier setback: a federal judge ruled for Utah in August, finding that the Commodity Exchange Act does not prevent the state from enforcing its gambling laws. Courts elsewhere are divided: the Third Circuit has blocked New Jersey from regulating prediction-market sports contracts, while the Sixth and Ninth Circuits have ruled for states. Kalshi’s appeal is pending, and Utah has already prevailed against its request to pause enforcement. The conflict could affect rival Polymarket and sportsbook operators offering prediction-market products; a Supreme Court ruling is increasingly likely, with 39 states and Washington, DC, backing New Jersey’s request for review.
Summary generated by AI from the linked article. hn.today is not affiliated with Hacker News or Y Combinator.
A headline reports that at least 33 people died after Russia dropped nine bombs on a school building in Ukraine. The linked page could not be accessed, so further details are unavailable. (cnn.com)
Three People Against Genocide activists were arrested after breaking into Ultra Intelligence & Communications’ Tring facility and damaging military equipment, including satellites. The group said the action targeted the company over its alleged ties to Israeli weapons suppliers and was timed to mark the Balfour Declaration anniversary. (aftershock.media)
Brazil has published the first global roadmap for phasing out fossil fuels, arguing countries can reduce dependence on coal, oil and gas while growing economies and reducing poverty. Its proposed steps include urgently curbing gas flaring and venting at extraction sites. (theguardian.com)
Donald Trump said the US will end military aid to Israel by the end of 2026, ending an annual payment of about $4 billion. He made the surprise announcement on election day as he addressed voters opposed to US support for Israel and the Gaza war. (theguardian.com)
Election Simulator is an interactive map for exploring modeled 2026 U.S. election results by county, with controls for vote margins, turnout, and reporting. Users can run live-style vote-count simulations, test statewide scenarios, and share map images. (electionenjoyer.com)
US hedge funds sold all the AI stocks they had bought since 2025. The move reversed those recent investments. (finance.yahoo.com)
Today's best Hacker News stories, summarized and screenshotted, one email a day.