DraftKings, Flutter & Sportradar discussed event contracts at length on Q3 earnings calls.
The hit
Kalshi’s founders have been summoned to a Utah criminal court, according to SBC Americas. The outlet reported the development in its weekly prediction markets roundup, alongside news that Sporttrade has secured designated contract market status.
Why it matters
A criminal summons raises the legal stakes for Kalshi. SBC Americas reports the development alongside news that Sporttrade has picked up DCM status & that DraftKings, Flutter & Sportradar discussed their event contracts business at length on Q3 earnings calls.
The record
| Report | Utah criminal court summons issued against Kalshi’s founders (SBC Americas) |
|---|---|
| Rival move | Sporttrade granted designated contract market (DCM) status (SBC Americas) |
| Earnings context | DraftKings, Flutter & Sportradar discussed event contracts on Q3 calls (SBC Americas) |
| Report date | 6 November 2026 (SBC Americas) |
What happens next
Watch for Kalshi’s formal response to the Utah summons.
Sources: Prediction Markets Weekly: Utah criminal court summons Kalshi founders, Sporttrade gets DCM status
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