Federal judge allows Utah to enforce its anti-gambling laws on prediction market Kalshi
- A federal judge ruled that Utah can enforce its strict anti-gambling laws on prediction markets like Kalshi.
- Kalshi had sued Utah to prevent the enforcement of these gambling restrictions.
- The ruling comes as Utah was about to enact legislation to restrict prediction markets.
- Utah's state law bans proposition betting in sports, which affects the revenue of prediction markets.
- Kalshi plans to appeal the ruling, arguing that prediction markets fall under federal jurisdiction.
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 seeking to regulate popular betting platforms amid ongoing legal disputes over jurisdiction.
Kalshi had filed a lawsuit against Utah in February, requesting a federal judge to block the state from enforcing its gambling restrictions. The ruling comes as Utah was poised to enact legislation aimed at limiting the operations of prediction markets within the state.
The state law currently prohibits proposition betting in sports, which is a significant revenue source for leading prediction markets. U.S. District Judge Robert Shelby denied Kalshi's request, stating that federal law does not prevent Utah from enforcing its own laws.
Kalshi has announced its intention to appeal the ruling, maintaining that prediction markets should be governed exclusively by federal regulations. The legal landscape surrounding prediction markets remains fragmented, with varying rulings across different states.
联邦法官允许犹他州执行其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如Kalshi和Polymarket执行其严格的反赌博法律。这一决定被视为寻求监管流行博彩平台的州的胜利，因其在管辖权问题上持续存在法律争议。
Kalshi于二月对犹他州提起诉讼，请求联邦法官阻止该州执行其赌博限制。此裁决正值犹他州即将通过旨在限制预测市场在该州运营的立法。
该州法律目前禁止体育中的提案投注，这对主要预测市场的收入构成了重大影响。美国地区法官罗伯特·谢尔比拒绝了Kalshi的请求，表示联邦法律并不妨碍犹他州执行其法律。
Kalshi已宣布计划对裁决提出上诉，认为预测市场应仅受联邦法规管辖。关于预测市场的法律环境仍然支离破碎，各州的裁决各不相同。