Utah judge allows state gambling laws to apply to Kalshi markets
A federal judge in Utah ruled that federal commodities law does not pre-empt the state's gambling laws, allowing Utah officials to enforce them against Kalshi's sports prediction markets. Judge Robert J. Shelby denied Kalshi's request for a preliminary injunction and granted summary judgment to state officials; Kalshi was expected to appeal, according to a legal expert cited in the report.
The ruling allows Utah to pursue enforcement against Kalshi's sports contracts and may extend the dispute to an appeals court.