(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 […]
(Provo, UT) — A study published at the BYU Marriott School of Business is showing that legalized sports betting has led to households saving significantly less money. The study was published by professors Mark Johnson and Jason Katter as they examined transaction data from 184-thousand households. Researchers say American households […]
(Washington, DC) — A bipartisan group of senators is introducing a bill to ban sporting events from prediction markets. Utah Republican John Curtis and California Democrat Adam Schiff unveiled the legislation yesterday. Schiff says the platforms exploit a loophole that allows sports betting in states where it is otherwise banned. […]
(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 […]
(Undated) — Utah Governor Spencer Cox is criticizing a top Trump administration regulator over efforts to block state regulation of prediction markets. Commodity Futures Trading Commission Chair Mike Selig announced yesterday the agency would challenge any state attempt to regulate the markets, saying oversight belongs solely to federal authorities. Cox […]
(Salt Lake City, UT) — The Utah state legislature is considering a bill that would ban so-called prop bets. They’re called proposition bets, and they let people wager on certain outcomes, like how many three-pointers a basketball player will make or who will win the presidential election. Republican State Representative […]
