Judge allows Utah to enforce antigambling laws on Kalshi
Headline from The Hill
A federal judge in Utah allowed the state to enforce its antigambling laws against Kalshi, rejecting the company's argument that a federal commodities law preempts state restrictions on prediction markets.
The Hill's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
A federal judge has just given Utah a big win in the lawsuit filed by prediction market Kalshi against several Utah officials, ruling that Utah can enforce its anti-gambling laws against Kalshi and other prediction markets.
Utah may enforce its anti-gambling laws, even if they include bans of proposition betting, a federal judge ruled on Tuesday in response to a lawsuit from Kalshi challenging a new state law. The prediction market platform had described the law, which classified proposition bets within the definition …
A federal judge in Utah allowed the state to enforce its antigambling laws against Kalshi, rejecting the company's argument that a federal commodities law preempts state restrictions on prediction markets.
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Judge allows Utah to enforce antigambling laws on Kalshi | Since Then