Trump admin sues Utah to save Kalshi from the state’s total ban on gambling
The Trump administration has sued Utah to block the state's total ban on Kalshi, a federally regulated prediction market. Utah's attorney general has filed criminal charges against Kalshi and its founders for promoting illegal gambling. The Commodity Futures Trading Commission (CFTC) claims jurisdiction over Kalshi, sparking a jurisdictional dispute.
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- ✓ The Trump administration has sued Utah to block the state's total ban on Kalshi.
- ✓ Utah's attorney general has filed criminal charges against Kalshi and its founders for promoting illegal gambling.
- ✓ The Commodity Futures Trading Commission (CFTC) claims jurisdiction over Kalshi.
- ✓ The dispute involves a jurisdictional battle between state and federal regulators.
What changed
Utah filed criminal charges against Kalshi and its founders, escalating the dispute with the federal government.
Live updates
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US sues Utah over Kalshi prediction market ban
The Trump administration has sued Utah to block the state's total ban on Kalshi, a federally regulated prediction market. Utah's attorney general has filed criminal charges against Kalshi and its founders for promoting illegal gambling. The Commodity Futures Trading Commission (CFTC) claims jurisdiction over Kalshi, sparking a jurisdictional dispute.
Why it matters
The case centers on whether Utah or federal regulators have authority over Kalshi, which offers prediction markets on various events. The outcome could impact the regulation of similar platforms nationwide. Prediction markets allow users to trade on the outcome of events, raising questions about their classification as gambling or commodities.
What is confirmed
- The Trump administration has sued Utah to block the state's total ban on Kalshi.
- Utah's attorney general has filed criminal charges against Kalshi and its founders for promoting illegal gambling.
- The Commodity Futures Trading Commission (CFTC) claims jurisdiction over Kalshi.
- The dispute involves a jurisdictional battle between state and federal regulators.
What to watch next
- The CFTC's lawsuit against Utah's ban on Kalshi
- Utah's response to the federal lawsuit
- A potential court ruling on the jurisdiction over Kalshi
confidence 85%Sources used for this update (14)
- Ars Technica — Trump admin sues Utah to save Kalshi from the state’s total ban on gambling
- KSL News — Feds sue Utah over attempt to ban Kalshi; AG files criminal charges
- Bloomberg — Utah Files Criminal Charges Against Prediction Market Kalshi
- The Salt Lake Tribune — Federal government sues Utah, seeks stop to the state’s lawsuit against Kalshi
- ABC4 Utah — ‘This is a crazy overreach’: Kalshi responds after Utah files criminal charges against company for promoting gambling, unlawful activity
- WBRZ — Prediction platform Kalshi files lawsuit against Louisiana leadership over sports betting rules
- www.deseret.com — Utah files criminal charges against Kalshi and its founders ...
- ny1.com — Mayor and City Council speaker agree to ban horse carriages in NYC
- arstechnica.com — Trump admin sues Utah to save Kalshi from the state’s total ...
- www.fox13now.com — Trump administration sues Utah over Kalshi - FOX 13 Utah
- finance.yahoo.com — Utah Went After Kalshi — Now Federal Regulators Are Taking ...
- newscord.org — Trump Administration Sues Utah Over Kalshi Gambling Ban, CFTC ...
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