Federal judge allows Utah to enforce anti-gambling laws on prediction markets
- 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 restrictions, arguing that prediction markets fall under federal jurisdiction.
- Utah's laws currently ban proposition betting in sports, which affects the revenue of prediction markets.
- The ruling is part of a broader legal battle between states and the federal government over the regulation of prediction markets.
- Utah's attorney general stated he will enforce state laws on Kalshi, while the company plans to appeal the ruling.
A federal judge has ruled that Utah can enforce its strict anti-gambling laws on prediction markets such as Kalshi and Polymarket. This decision comes as Utah was preparing to enact legislation aimed at restricting these betting platforms, which have become increasingly popular.
Kalshi had filed a lawsuit against Utah in February, seeking to prevent the state from applying its gambling restrictions to the platform. However, U.S. District Judge Robert Shelby rejected this request, stating that the federal law cited by Kalshi does not prevent Utah from enforcing its own laws.
Currently, Utah residents are still able to place bets on these platforms, but the state's attorney general has indicated that he will enforce the state's gambling laws. Kalshi has expressed its disagreement with the ruling and plans to appeal, maintaining that prediction markets should be governed solely by federal regulations.
This ruling is part of a fragmented legal landscape, with various courts across the country having issued differing decisions on the regulation of prediction markets. The outcome may have implications for the future of such platforms in other states as well.
联邦法官允许犹他州执行反赌博法律于预测市场
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律。此决定是在犹他州准备颁布旨在限制这些日益受欢迎的投注平台的立法时作出的。
Kalshi于二月份对犹他州提起诉讼，寻求阻止该州对平台施加赌博限制。然而，美国地区法官罗伯特·谢尔比拒绝了这一请求，表示Kalshi引用的联邦法律并不妨碍犹他州执行其法律。
目前，犹他州居民仍可在这些平台上下注，但该州检察长已表示将执行州赌博法律。Kalshi对裁决表示不同意，并计划上诉，认为预测市场应仅受联邦法规管辖。
该裁决是一个支离破碎的法律环境的一部分，各州法院对预测市场的监管发布了不同的裁决。这一结果可能对其他州未来的此类平台产生影响。