00:00 Speaker A
Uh, back in the United States, Utah is challenging whether Kalshi can operate there at all. And man, every day I tell you a story like this, this one is bananaballs.
00:09 Speaker A
What are bananaballs?
00:11 Speaker A
Utah files 14 criminal charges against Kalshi and its founders.
00:15 Speaker A
Says the site breaks the state's gambling laws.
00:18 Speaker A
Dude, felony charges against the founders of the company
00:25 Speaker A
for offering Kalshi in Utah.
00:27 Speaker A
Now, I've told you, right? We have Kalshi and Polymarket and Robin Hood, everybody's doing prediction markets.
00:35 Speaker A
There's a battle between multiple states and the federal government as to what those contracts entail and whether they're allowed to have them.
00:43 Speaker A
But now, just because you're the guy who was brilliant enough, who I know, Tarek, shout out, for creating a company,
00:52 Speaker A
you're now getting charged with a felony for operating in the state when the federal government is telling you to go operate in the state
01:00 Speaker A
because you're allowed. 12 counts allege online gambling promotion, third degree felonies.
01:04 Speaker A
The case contains 14 total counts and specifically names CEO Tarek Mansour and COO Luana Lopez Lara. That's three L's in her name.
01:13 Speaker A
Alliterative, Luana Lopez Lara.
01:17 Speaker A
Lala. Great name.
01:20 Speaker A
Shout out to Lara and her three L's.
01:23 Speaker A
Uh, this is just, dude, this is, this just breaks my brain.
01:28 Speaker A
Like, you know, these people created a platform, it's wildly popular and they're just caught up in a massive battle between the states and the federal government.
01:37 Speaker A
Listen, there's no way these people get charged for felonies because their platform is operating in Utah, which also also apparently is a real place.
01:44 Speaker A
Um, you can ski there. Mormons.
01:47 Speaker A
Um,
01:49 Speaker A
sports.
01:51 Speaker A
But uh, this is just nuts.
01:53 Speaker A
Like you it's bananas. I remember when the FBI rated Shane, the CEO of Polymarket's house and nothing came of it.
01:59 Speaker A
Like these things, it's it's just so broken.
