Utah is bringing criminal charges against Kalshi and two of the company’s top executives, alleging they illegally profited from promoting and offering online gambling within the state. The prediction market platform, alongside CEO Tarek Mansour and chief operating officer Luana Lopes Lara, is facing 13 felony counts and one misdemeanor count, according to a recent…

{beacon} Technology Technology   The Big Story  Meta, Snap head back to LA court in social media addiction trial Social media giants Meta and Snap, the company behind Snapchat, are heading back to court this week for the latest trial in a lawsuit alleging their platforms were intentionally designed to be addictive for young users. …

Kalshi argued Tuesday that its VIP program and platform are “fundamentally different” from those offered by sportsbooks, after several Democratic lawmakers expressed concerns over loyalty programs at both prediction markets and sportsbooks. In a letter shared first with The Hill, the company suggested Kalshi Platinum has no “predatory incentives” because of its distinct business model.…