Federal judge allows Utah to enforce anti-gambling laws on prediction markets Kalshi and Polymarket
- A federal judge ruled that Utah can enforce its strict anti-gambling laws on prediction markets like Kalshi and Polymarket.
- Kalshi had sued Utah to prevent the enforcement of these restrictions, arguing that prediction markets fall under federal jurisdiction.
- The ruling allows Utah to continue enforcing its laws against proposition betting, which is a significant revenue source for prediction markets.
- Utah's attorney general stated that he will enforce state laws on Kalshi while exploring further options.
- Kalshi plans to appeal the ruling, maintaining that it should be governed by federal law rather than state gambling laws.
A federal judge has ruled that Utah can enforce its anti-gambling laws on prediction markets such as Kalshi and Polymarket, marking a significant decision in the ongoing debate over the regulation of these platforms. Kalshi had filed a lawsuit against Utah in February, seeking to block the state from enforcing its gambling restrictions, arguing that prediction markets should be regulated at the federal level.
The judge's ruling allows Utah to maintain its ban on proposition betting, which is a key revenue source for prediction markets. The state's attorney general, Derek Brown, indicated that he would enforce these laws while considering further options.
Kalshi has expressed its intention to appeal the ruling, asserting that prediction markets fall exclusively under federal jurisdiction. This decision reflects the fragmented legal landscape surrounding prediction markets, with varying rulings in different states regarding their regulation.
联邦法官允许犹他州执行其反赌博法于预测市场Kalshi和Polymarket
一名联邦法官裁定犹他州可以在预测市场如Kalshi和Polymarket上执行其反赌博法，这在对这些平台的监管争论中具有重要意义。Kalshi于二月对犹他州提起诉讼，试图阻止该州执行其赌博限制，认为预测市场应由联邦层面监管。
法官的裁决允许犹他州维持对提案投注的禁令，这对预测市场是一个重要的收入来源。该州检察长德里克·布朗表示，他将执行这些法律，同时考虑进一步的选项。
Kalshi表示计划对裁决提出上诉，主张预测市场应完全受联邦管辖。该裁决反映了围绕预测市场的法律环境碎片化，不同州对其监管的裁决各不相同。