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Judge allows Utah to enforce antigambling laws on Kalshi

First publishedAug 6, 17:08 UTC
Last updatedAug 6, 17:59 UTC · 5m ago
11 outletThe Hill
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Judge allows Utah to enforce antigambling laws on Kalshi
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Answer

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 decision marks a notable loss for prediction market firms and the Trump administration amid a legal battle with states over who has the authority...

Reported by 1 outlet The Hill. See all sources ↓

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In brief
What's the story?
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 decision marks a notable loss for prediction market firms and the Trump administration amid a legal battle with states over who has the authority...
How widely is it covered?
1 outlet, average source rating 7.0/10.
When was it last updated?
5m ago.
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    Judge allows Utah to enforce antigambling laws on Kalshi

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    The Hill
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Avg source rating 7.0/10
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