Utah Judge Rejects Kalshi’s Federal Shield From Gambling Laws

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Utah Judge Rejects Kalshi's Federal Shield From Gambling LawsA federal judge granted Utah summary judgment Tuesday, holding that the Commodity Exchange Act does not preempt the state’s anti-gambling laws as applied to Kalshi’s sports event contracts. The exchange says it will appeal to the Tenth Circuit, which would bring prediction-market appeals into seven of the 13 federal circuits. Shelby Finds Multiple Readings of […]
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