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.
- The ruling comes as Utah was preparing to enact legislation targeting prediction markets.
- Utah's laws currently prohibit proposition betting, which is a key revenue source for prediction markets.
- Kalshi plans to appeal the ruling, arguing 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 trying to regulate these popular betting platforms. Kalshi had previously sued Utah, seeking to block the enforcement of state gambling restrictions, arguing that prediction markets fall under federal jurisdiction.
The ruling comes as Utah was on the verge of enacting legislation aimed at limiting the operations of prediction markets within the state. Currently, Utah law bans proposition betting, which is a significant revenue source for these platforms.
Kalshi plans to appeal the ruling, maintaining that prediction markets should not be subject to a patchwork of state laws. The outcome of this case could have implications for the regulation of prediction markets across the United States, as different courts have ruled inconsistently on similar issues.
联邦法官允许犹他州执行反赌博法对预测市场Kalshi的管控
一名联邦法官裁定犹他州可以对预测市场如Kalshi和Polymarket执行其严格的反赌博法。这一决定被视为各州试图监管这些受欢迎的投注平台的胜利。Kalshi此前曾起诉犹他州，寻求阻止州赌博限制的执行，认为预测市场应属于联邦管辖。
该裁决是在犹他州准备颁布限制预测市场在州内运营的立法之际作出的。目前，犹他州法律禁止提案投注，这对这些平台来说是一个重要的收入来源。
Kalshi计划对裁决提起上诉，坚称预测市场不应受到各州法律的零散监管。这一案件的结果可能会对美国各地预测市场的监管产生影响，因为不同法院对类似问题的裁决并不一致。