US agency has sued 10 states for trying to stop gambling on prediction markets.
Trump admin sues Utah to save Kalshi from the state's total ban on gambling
In short
The Trump administration has taken formal legal action against Utah to protect prediction market Kalshi from the state's comprehensive gambling ban. The move escalates an ongoing regulatory dispute regarding whether prediction platforms fall under local gaming prohibitions. This lawsuit directly builds upon earlier efforts by a U.S. agency that previously sued 10 other states over attempts to halt gambling on prediction markets.
Key points
- Federal officials are actively challenging local jurisdictions that attempt to restrict p…: Federal officials are actively challenging local jurisdictions that attempt to restrict prediction markets.
- Utah's comprehensive prohibition on gambling now faces direct federal opposition in court.: Utah's comprehensive prohibition on gambling now faces direct federal opposition in court.
- The litigation represents an expansion of legal battles previously launched against 10 di…: The litigation represents an expansion of legal battles previously launched against 10 different states.