Utah Judge Rejects Kalshi’s Federal Shield From Gambling Laws

Utah Judge Rejects Kalshi's Federal Shield From Gambling LawsA federal judge granted Utah summary judgment Tuesday, holding that the Commodity Exchange Act does not preempt the state’s anti-gambling laws as applied to Kalshi’s sports event contracts. The exchange says it will appeal to the Tenth Circuit, which would bring prediction-market appeals into seven of the 13 federal circuits. Shelby Finds Multiple Readings of […]

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