Federal judge lets Utah enforce its anti-gambling laws on the 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 allows Utah to continue its ban on proposition betting, which is a significant revenue source for prediction markets.
- Kalshi plans to appeal the ruling, asserting that prediction markets should be regulated federally, not by state laws.
- The legal environment surrounding prediction markets is inconsistent across different states.
A federal judge has ruled that Utah can enforce its strict anti-gambling laws on prediction markets such as Kalshi. This decision comes after Kalshi filed a lawsuit against the state, seeking to block the enforcement of these gambling restrictions. The judge stated that federal law cited by Kalshi does not prevent Utah from applying its own laws.
Utah's current laws ban proposition betting in sports, which has been a significant source of revenue for leading prediction markets. Despite the ruling, residents of Utah can still place bets on these platforms, though the state's attorney general has indicated he will enforce state laws on Kalshi.
Kalshi has expressed its disagreement with the ruling and plans to appeal, maintaining that prediction markets fall under federal jurisdiction. The legal landscape remains fragmented, with various states having differing rulings on the regulation of prediction markets.
联邦法官允许犹他州对预测市场Kalshi执行反赌博法
联邦法官裁定犹他州可以对预测市场如Kalshi执行严格的反赌博法。这一决定是在Kalshi对该州提起诉讼后作出的，Kalshi寻求阻止这些赌博限制的执行。法官表示，Kalshi所引用的联邦法律并不妨碍犹他州执行其法律。
犹他州目前的法律禁止体育提案投注，这对主要的预测市场来说是重要的收入来源。尽管有裁决，犹他州居民仍然可以在这些平台上下注，但该州的检察长已表示将执行对Kalshi的州法律。
Kalshi对这一裁决表示不同意，并计划上诉，认为预测市场应受联邦管辖。法律环境仍然分散，各州对预测市场的监管裁决各不相同。