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 restrictions, arguing that prediction markets fall under federal jurisdiction.
- The ruling comes as Utah was preparing legislation to restrict prediction markets in the state.
- Utah's attorney general stated he will enforce state laws on Kalshi, which include a ban on proposition betting in sports.
- Kalshi plans to appeal the ruling, asserting 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 aiming to regulate these popular betting platforms. Kalshi had previously sued Utah in an attempt to block the enforcement of these gambling restrictions, claiming that prediction markets are under federal jurisdiction.
The ruling comes as Utah was on the verge of enacting legislation aimed at limiting prediction markets' operations within the state. Currently, Utah's laws prohibit proposition betting on sports, which is a significant revenue source for leading prediction markets.
U.S. District Judge Robert Shelby rejected Kalshi's request to block the state's restrictions, stating that the federal law cited by Kalshi does not prevent Utah from enforcing its own laws. Following the ruling, Utah's attorney general confirmed plans to enforce the state's anti-gambling laws on Kalshi, while the company indicated it would appeal the decision.
联邦法官允许犹他州在预测市场Kalshi上执行反赌博法律
联邦法官裁定犹他州可以在预测市场Kalshi和Polymarket上执行严格的反赌博法律。这一决定被视为各州寻求监管这些受欢迎的投注平台的胜利。Kalshi此前曾起诉犹他州，试图阻止这些赌博限制的执行，声称预测市场应受联邦管辖。
该裁决出现在犹他州准备立法限制预测市场在该州的运营之际。目前，犹他州的法律禁止对体育赛事的提案投注，而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阻止州限制的请求，表示Kalshi引用的联邦法律并不妨碍犹他州执行自己的法律。在裁决后，犹他州检察长确认计划在Kalshi上执行州反赌博法律，而该公司则表示将对裁决提出上诉。