Feed / Enforcement & compliance
By SectorWire desk ·
The report said that Judge Robert Shelby rejected Kalshi’s attempt to block Utah gambling-law enforcement. The judge found the federal law cited by Kalshi did not displace the state’s authority.
Utah retains authority to apply its gambling laws to Kalshi.
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The ruling permits Utah gambling-law enforcement while Kalshi prepares an appeal.
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.