Utah has hit Kalshi with 14 criminal charges, even naming its two co-founders. The charges are based on 12 sports bets an undercover agent placed in September using a local card. This means the fight over prediction markets has escalated from a civil dispute to criminal prosecution. The day before, the federal CFTC had just sued Utah over jurisdiction, and the state immediately raised the stakes. $BTC is around $80,300 and $BNB around $755; the market hasn't reacted at all, suggesting investors still see this as a jurisdictional dispute, not a problem with the product itself. #PredictionMarkets