Episode Details
Back to Episodes
Utah Strikes Back Against Kalshi | Salt Lake City News
Description
Utah just won a major legal victory against predictive betting platform Kalshi, with a federal judge ruling that Utah’s 180-year-old anti-gambling constitution still applies—even if Kalshi claims federal regulation shields them. The court rejected Kalshi’s argument that rebranding gambling as “prediction markets” makes it legal, siding with Utah’s stance that such activity harms families and must be banned. Utah Attorney General Derek Brown celebrated the decision, calling it a win for state sovereignty over financial innovation. Kalshi plans to appeal, arguing federal law should override state bans, but this ruling could set a powerful precedent—potentially inspiring other states to crack down on similar platforms.
Listen in comfort:
Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn.
Advertise on DNN:
advertise@thednn.ai
This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.
View sources & latest updates:
https://sources.thednn.ai/f7479b721437feee