BUSINESSAug 5 · 03:23 UTCCOURTHOUSE NEWSQuinn Welsch

No dice for Kalshi in federal lawsuit against Utah

A federal judge in Utah ruled that federal law does not block the state from enforcing anti-gambling laws against prediction market platform Kalshi. Kalshi argued protection under the Commodity Exchange Act, but the court agreed with Utah, leading the company to plan an appeal.

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Mentioned

KalshiorganizationUtahplaceRobert ShelbypersonDerek BrownpersonCommodity Exchange ActtopicCommodity Futures Trading Commission Acttopicprediction marketstopic

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