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 allows Utah to regulate proposition betting, which is a significant revenue source for prediction markets.
- Utah's attorney general stated he will enforce state laws against Kalshi, while the company plans to appeal the decision.
- The legal status of prediction markets varies by state, with some courts siding with Kalshi and others upholding state restrictions.
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 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 is preparing to enact legislation that would further restrict prediction markets from operating 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 rejected Kalshi’s request to block the restrictions, stating that the federal law cited by Kalshi does not prevent Utah from enforcing its own laws. The attorney general of Utah has indicated that he will enforce these laws, while Kalshi plans to appeal the ruling.
This legal battle reflects a broader conflict between state and federal authorities regarding the regulation of prediction markets, with courts in various states issuing differing rulings on the matter. The outcome may have implications for the future operations of prediction markets in the U.S.
联邦法官允许犹他州执行反赌博法于预测市场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。这一决定被视为希望规范这些投注平台的州的胜利。Kalshi此前曾起诉犹他州，寻求阻止州赌博限制的执行，声称预测市场应受联邦管辖。
该裁决出现在犹他州准备实施进一步限制预测市场在该州运营的立法之际。目前，州法律禁止在体育赛事中进行提案投注，这对领先的预测市场来说是重要的收入来源。
美国地区法官罗伯特·谢尔比拒绝了Kalshi阻止限制的请求，表示Kalshi引用的联邦法律并不妨碍犹他州执行其法律。犹他州检察长表示将执行这些法律，而Kalshi计划对此裁决提出上诉。
这一法律斗争反映了州和联邦当局之间关于预测市场监管的更广泛冲突，各州法院在此问题上发布了不同的裁决。结果可能对预测市场在美国的未来运营产生影响。