By SectorWire desk ·
The report said that a federal judge entered final judgment against Kalshi’s claim that federal commodities law overrides state gambling regulation. The decision favoured Utah’s authority to enforce its gambling laws.
The judgment allows Utah to apply its gambling laws to Kalshi.
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The ruling permits Utah to enforce its gambling laws against Kalshi.
The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
The findings bear on state challenges to Kalshi and Polymarket's position that their contracts fall exclusively under CFTC jurisdiction.
The analysis questions Kalshi’s explanation for concentrated activity in its ether perpetual contracts.
The new contracts allow partial settlement rather than requiring players to reach the full statistical target.
The dispute could affect whether prediction market operators face state gambling laws alongside federal oversight.