Episode Details

Utahs Strict Gambling Ban: A Clash Over Prediction Markets

Utah, with its deep-rooted ties to the Church of Jesus Christ of Latter-day Saints, has long prohibited nearly all forms of gambling. Now, the state is set to ban prediction markets like Kalshi and Polymarket, which allow users to bet on events using their phones. Governor Spencer Cox plans to sign a new law targeting proposition bets on sports, aiming to cut off revenue for these platforms and big sportsbooks. The church, which teaches that gambling destroys families and promotes greed, supports this moral fight against vice. Utahs ban dates back to 1895, making it one of the strictest in the nation. Kalshi has already sued Utah in federal court, backed by the federal Commodity Futures Trading Commission, which claims exclusive control over these markets as financial tools. Meanwhile, a bipartisan bill from Utah Congressman Blake Moore and a California Democrat aims to regulate prediction markets nationwide. This clash could set rules for the whole country.

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