(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 […]
