Utah has filed criminal charges against prediction market company Kalshi and two of its co-founders, escalating a legal battle over whether states can regulate event contracts as gambling. The charges come after the U.S. Court of Appeals for the 10th Circuit ruled in August that federal commodities law did not preempt Utah’s authority to regulate […]
Utah has filed criminal charges against prediction market company Kalshi and two of its co-founders, escalating a legal battle over whether states can regulate event contracts as gambling. The charges come after the U.S. Court of Appeals for the 10th Circuit ruled in August that federal commodities law did not preempt Utah’s authority to regulate […]
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