(Salt Lake City, UT) — Utah’s Attorney General is going after prediction markets like Kalshi, even as he takes political donations from gambling interests. Derek Brown received a 50-thousand dollar contribution from the Las Vegas Sands Corporation. It’s one of the world’s largest casino operators and they oppose most online […]
(Salt Lake City, UT) — The federal government is suing Utah after the state filed suit against prediction markets like Kalshi. Utah’s Attorney General Derek Brown believes prediction markets are an illegal form of gambling. But the federal government and the Commodity Futures Trading Commission disagree. This week, they filed […]
(Salt Lake City, UT) — Utah has sued prediction-market company Kalshi over wagers offered to residents. The attorney general’s office filed the case yesterday, alleging the platform amounts to illegal gambling and a public nuisance under state law. Kalshi markets contracts tied to the outcomes of elections, sports and other […]
(Salt Lake City, UT) — A major prediction market is suing Utah over a proposed state law that would ban their industry. Kalshi says so-called proposition bets are regulated at the federal level by the Commodity Futures Trading Commission. Last week, that agency made it clear that prop bets are […]
