Kalshi Loses Big in Utah Court Even as CFTC Has Its Back Nationwide— Attorney General Warns 'Gambling Is Gambling No Matter What…'
Judge rules Utah can enforce anti-gambling laws against Kalshi, rejecting the claim that federal oversight gives the CFTC control.
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Why It Matters
A court in Utah said Kalshi can't operate there because it looks like gambling, even though a federal group (CFTC) supports the company elsewhere. This shows that different states can still make their own rules about what they allow.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.