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federal judge allows utah to enforce gambling laws against kalshi
A federal judge rejected Kalshi's attempt to block Utah's gambling restrictions, clearing the state to enforce its laws against the prediction market.
By SLC Scoop StaffSeptember 2, 20261 views
NEWS: A federal judge has cleared the way for Utah to enforce its gambling laws against prediction market platform Kalshi.
The ruling comes amid a dispute over whether Kalshi’s event-based contracts fall exclusively under federal regulation or can also be restricted under state gambling laws. Utah has argued that certain wagers offered through prediction markets violate the state’s gambling restrictions.
Kalshi is expected to appeal the decision, keeping the broader fight over how prediction markets are regulated far from settled.
