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 gambling restrictions.
- The ruling allows Utah to restrict proposition betting, which is a significant revenue source for prediction markets.
- Kalshi plans to appeal the ruling, arguing that prediction markets fall under federal jurisdiction.
- The legal landscape regarding prediction markets is inconsistent across different states.
SALT LAKE CITY (AP) — A federal judge ruled that Utah can enforce its strict anti-gambling laws on prediction markets such as Kalshi and Polymarket, marking a significant decision in the ongoing legal battle between states and the federal government over regulation of these markets.
Kalshi had filed a lawsuit against Utah in February, seeking to prevent the state from enforcing its gambling restrictions as Utah was preparing to enact legislation aimed at limiting prediction markets' operations in the state.
U.S. District Judge Robert Shelby denied Kalshi's request to block the enforcement of Utah's laws, stating that the federal law cited by Kalshi does not prevent the state from implementing its regulations. Utah's attorney general indicated that the state would enforce its gambling laws but is still considering its options moving forward.
Kalshi expressed disagreement with the ruling and plans to appeal, maintaining that prediction markets should be regulated under federal jurisdiction rather than state gambling laws. The ruling could impact the operations of prediction markets significantly, as it reinforces state authority over gambling regulations.
联邦法官允许犹他州执行反赌博法于预测市场Kalshi
盐湖城（美联社）——联邦法官裁定犹他州可以对Kalshi和Polymarket等预测市场执行其严格的反赌博法，这标志着州与联邦政府之间关于这些市场监管的法律斗争中的一个重要决定。
Kalshi于2月份对犹他州提起诉讼，寻求阻止该州执行其赌博限制，因为犹他州正准备通过旨在限制预测市场在该州运营的立法。
美国地方法官罗伯特·谢尔比拒绝了Kalshi阻止犹他州法律执行的请求，表示Kalshi引用的联邦法律并不妨碍该州实施其法规。犹他州的检察长表示，州将执行其赌博法律，但仍在考虑未来的选项。
Kalshi对裁决表示不同意，并计划上诉，认为预测市场应在联邦管辖下进行监管，而不是受州赌博法的约束。这一裁决可能会显著影响预测市场的运营，因为它强化了州对赌博法规的权威。