By SectorWire desk ·
The report said that a federal judge denied Kalshi’s request to block Utah officials from enforcing gambling laws. Judge Robert Shelby ruled for Utah on summary judgment and rejected Kalshi’s argument that federal law pre-empted state enforcement.
The ruling permits Utah to enforce its gambling laws against Kalshi.
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The judgment allows Utah to apply its gambling laws to Kalshi.
The ruling permits Utah gambling-law enforcement while Kalshi prepares an appeal.
Utah retains authority to apply its gambling laws to 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.