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 and Polymarket.
- Kalshi had sued Utah to prevent the enforcement of these gambling restrictions, arguing that prediction markets fall under federal jurisdiction.
- The ruling comes as Utah was preparing to enact legislation to limit prediction markets in the state.
- Utah's attorney general stated he will enforce state laws on Kalshi, while the company plans to appeal the ruling.
- The legal landscape regarding prediction markets is inconsistent across different states.
A federal judge in Utah has ruled that the state can enforce its strict anti-gambling laws on prediction markets such as Kalshi and Polymarket. This decision is seen as a victory for states attempting to regulate these popular betting platforms. Kalshi had previously filed a lawsuit against Utah, seeking to block the enforcement of state gambling restrictions, arguing that prediction markets should be governed by federal law.
The ruling comes as Utah was on the verge of passing new legislation aimed at limiting the operations of prediction markets within the state. Currently, state law prohibits proposition betting in sports, which is a significant revenue source for leading prediction markets.
U.S. District Judge Robert Shelby denied Kalshi's request to block Utah's restrictions, stating that the federal law cited by Kalshi does not prevent the state from enforcing its own laws. Utah's attorney general has indicated that he will enforce these laws on Kalshi while exploring further options. Kalshi has announced plans to appeal the ruling, maintaining that prediction markets operate under federal jurisdiction, not state gambling laws.
联邦法官允许犹他州执行针对预测市场Kalshi的反赌博法律
犹他州的一名联邦法官裁定，该州可以对预测市场如Kalshi和Polymarket执行其严格的反赌博法律。此决定被视为试图监管这些受欢迎的博彩平台的州的胜利。Kalshi此前曾对犹他州提起诉讼，寻求阻止州赌博限制的执行，认为预测市场应由联邦法律管辖。
该裁决是在犹他州即将通过旨在限制预测市场在该州运营的新立法之际作出的。目前，州法律禁止体育中的命题投注，这对领先的预测市场来说是一个重要的收入来源。
美国地区法官罗伯特·谢尔比拒绝了Kalshi阻止犹他州限制的请求，表示Kalshi引用的联邦法律并不妨碍该州执行自己的法律。犹他州检察长表示，他将执行这些法律，并在探索进一步选项。Kalshi已宣布计划对此裁决提出上诉，坚称预测市场在联邦管辖之下，而非州赌博法律。