Judge allows Utah to enforce anti-gambling laws on Kalshi
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A federal judge in Utah allowed the state to enforce its anti-gambling laws against Kalshi, rejecting the company's argument that a federal commodities law preempts state restrictions on prediction markets.
The decision marks a notable loss for prediction market firms and the Trump administration amid a legal battle with states over who has the authority...
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A federal judge in Utah allowed the state to enforce its anti-gambling laws against Kalshi, rejecting the company's argument that a federal commodities law preempts state restrictions on prediction markets.
The decision marks a notable loss for prediction market firms and the Trump administration amid a legal battle with states over who has the authority...