Federal judge allows Utah to enforce anti-gambling laws on prediction market Kalshi
- A federal judge ruled that Utah can enforce its anti-gambling laws on prediction markets like Kalshi.
- Kalshi had previously sued Utah to prevent the enforcement of these restrictions.
- The ruling is part of a broader legal battle between states and the federal government over the regulation of prediction markets.
- Utah's attorney general stated that he will enforce state laws on Kalshi while exploring options.
- Kalshi plans to appeal the ruling, asserting that prediction markets fall under federal jurisdiction.
A federal judge has ruled that Utah can enforce its strict anti-gambling laws on prediction markets, including Kalshi and Polymarket. This decision comes as Utah seeks to regulate these popular betting platforms, which have been at the center of a legal dispute over whether they should be classified as finance or gambling.
Kalshi, which had previously sued the state to block the enforcement of these laws, argued that federal regulations should apply to prediction markets. However, U.S. District Judge Robert Shelby rejected this argument, stating that federal law does not prevent Utah from enforcing its own gambling restrictions.
The ruling allows Utah to continue its efforts to restrict proposition betting, which is a significant revenue source for prediction markets. Kalshi has indicated its intention to appeal the ruling, maintaining that prediction markets should be governed by federal law rather than state regulations.
联邦法官允许犹他州对预测市场Kalshi执行反赌博法律
一名联邦法官裁定，犹他州可以对包括Kalshi和Polymarket在内的预测市场执行其严格的反赌博法律。该决定是在犹他州寻求监管这些受欢迎的博彩平台的背景下作出的，这些平台在法律争议中被讨论是否应被归类为金融还是赌博。
Kalshi曾起诉该州以阻止这些法律的执行，主张应适用联邦法规。然而，美国地区法官罗伯特·谢尔比驳回了这一论点，表示联邦法律并不妨碍犹他州执行其自己的赌博限制。
该裁决允许犹他州继续努力限制提案投注，这对预测市场而言是一个重要的收入来源。Kalshi表示计划对裁决提出上诉，坚称预测市场应受联邦法律而非州法规的管辖。