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 was preparing to enact legislation to restrict prediction markets in the state.
- Utah's attorney general stated that he would enforce state laws on Kalshi, while the company plans to appeal the decision.
- The legal landscape regarding prediction markets varies across states, with some allowing restrictions and others not.
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 attempting to regulate these popular betting platforms. Kalshi had previously filed a lawsuit against Utah, seeking to prevent the state from enforcing its gambling restrictions, arguing that prediction markets fall under federal jurisdiction.
The ruling comes as Utah was on the verge of enacting legislation aimed at curbing the operations of prediction markets within the state. Currently, Utah law prohibits proposition betting in sports, which is a significant revenue source for leading prediction markets.
U.S. District Judge Robert Shelby rejected Kalshi's request to block the enforcement of Utah's restrictions, stating that the federal law cited by Kalshi does not prevent the state from enforcing its own laws. Following the ruling, the state's attorney general announced intentions to enforce these laws, while Kalshi indicated plans to appeal the decision.
联邦法官允许犹他州执行反赌博法针对预测市场Kalshi
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博彩平台的胜利。Kalshi此前曾对犹他州提起诉讼，寻求阻止该州执行其赌博限制，声称预测市场应受联邦管辖。
这一裁决出现在犹他州准备实施旨在限制预测市场在州内运营的立法之际。目前，犹他州法律禁止体育赛事中的提案投注，这对主要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阻止犹他州限制执行的请求，表示Kalshi引用的联邦法律并不妨碍该州执行自己的法律。在裁决后，该州检察长宣布将执行这些法律，而Kalshi则表示计划对此裁决提出上诉。