Kalshi Takes Legal Action Against Utah Over Prediction Markets
Kalshi, an online prediction market platform, has filed a lawsuit in federal court against Utah Governor Spencer Cox, Attorney General Derek Brown, and other state officials, claiming the state is preparing to block its operations in Utah. The legal battle centers around the question of whether prediction markets, such as Kalshi’s platform, are subject to state anti-gambling laws, or whether they fall under the federal jurisdiction of the Commodity Futures Trading Commission (CFTC). In its complaint filed on Monday in the […] The post Kalshi Takes Legal Action Against Utah Over Prediction Markets appeared first on World Casino News.
Kalshi, an online prediction market platform, has filed a lawsuit in federal court against Utah Governor Spencer Cox, Attorney General Derek Brown, and other state officials, claiming the state is preparing to block its operations in Utah. The legal battle centers around the question of whether prediction markets, such as Kalshi’s platform, are subject to state anti-gambling laws, or whether they fall under the federal jurisdiction of the Commodity Futures Trading Commission (CFTC). In its complaint filed on Monday in the […]
The post Kalshi Takes Legal Action Against Utah Over Prediction Markets appeared first on World Casino News.
