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 sued Utah to prevent the enforcement of these restrictions, claiming federal jurisdiction over prediction markets.
- The ruling comes as Utah is enacting legislation to restrict prediction markets from operating in the state.
- 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 should be regulated federally.
A federal judge has ruled that Utah can enforce its strict anti-gambling laws on prediction markets such as Kalshi and Polymarket. This decision is seen as a victory for states aiming to regulate these popular betting platforms, amidst ongoing debates over whether such markets should be classified as finance or gambling.
Kalshi had previously filed a lawsuit against Utah, seeking to prevent the state from implementing its gambling restrictions. The ruling comes as Utah was preparing to enact new legislation aimed at limiting the operations of prediction markets within its jurisdiction.
U.S. District Judge Robert Shelby denied Kalshi's request to block the enforcement of Utah's laws, stating that the federal law cited by Kalshi does not prevent the state from enforcing its gambling regulations. Kalshi has announced plans to appeal the decision, arguing that prediction markets fall under federal jurisdiction and should not be subject to varying state laws.
联邦法官允许犹他州对预测市场Kalshi执行反赌博法
联邦法官裁定犹他州可以对预测市场如Kalshi和Polymarket执行严格的反赌博法。这一决定被视为各州在监管这些流行投注平台方面的胜利，当前关于这些市场应被归类为金融还是赌博的辩论仍在继续。
Kalshi此前已对犹他州提起诉讼，试图阻止该州实施其赌博限制。此裁决正值犹他州准备制定新立法，旨在限制预测市场在其管辖范围内的运营。
美国地区法官罗伯特·谢尔比拒绝了Kalshi阻止犹他州法律执行的请求，表示Kalshi所引用的联邦法律并不妨碍该州执行其赌博法规。Kalshi已宣布计划对该裁决提出上诉，主张预测市场应受联邦管辖，而不应受到各州法律的差异影响。