Dossier
Robert Shelby
Coverage of Robert Shelby in the Nexus archive.
- Federal judge lets Utah enforce its anti-gambling laws on the prediction market Kalshi
A federal judge ruled that Utah can enforce its strict anti-gambling laws on prediction markets like Kalshi and Polymarket, rejecting a request from Kalshi to block the restrictions. The ruling allows state law banning proposition betting, which is a key revenue source for these platforms, to remain in effect despite ongoing legal battles over regulation.
- 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.