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 is part of a broader legal battle between states and the federal government regarding 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.
- This decision may impact the operations of prediction markets in Utah, affecting their revenue from proposition betting.
A federal judge has ruled that Utah can enforce its strict anti-gambling laws on prediction markets, including Kalshi and Polymarket. This ruling comes as Utah is on the verge of enacting legislation to restrict these betting platforms. Kalshi had previously filed a lawsuit seeking to block Utah's enforcement of its gambling restrictions, arguing that federal law should govern prediction markets.
U.S. District Judge Robert Shelby denied Kalshi's request, stating that the federal law cited by the company does not prevent Utah from enforcing its laws. As a result, the state attorney general announced intentions to enforce these restrictions, while Kalshi has indicated plans to appeal the ruling.
The legal landscape surrounding prediction markets is complex, with various states having different rulings on their regulation. This ruling may have implications for the operation of prediction markets in Utah, particularly regarding proposition betting, which is a significant revenue source for these platforms.
联邦法官允许犹他州执行反赌博法律于预测市场Kalshi
一名联邦法官裁定犹他州可以对预测市场，包括Kalshi和Polymarket，执行其严格的反赌博法律。此裁决正值犹他州即将实施限制这些投注平台的立法。Kalshi此前曾提起诉讼，寻求阻止犹他州执行其赌博限制，辩称联邦法律应适用于预测市场。
美国地区法官罗伯特·谢尔比拒绝了Kalshi的请求，表示该公司引用的联邦法律并不妨碍犹他州执行其法律。因此，州检察长宣布将执行这些限制，而Kalshi则表示计划对此裁决提出上诉。
关于预测市场的法律环境复杂，各州对其监管的裁决各不相同。这一裁决可能对Kalshi在犹他州的运营产生影响，特别是涉及提案投注，这对这些平台而言是重要的收入来源。