Federal judge rules Utah's anti-gambling laws can apply to Kalshi's sports event contracts
A federal judge ruled that Utah's anti-gambling laws can apply to Kalshi's sports event contracts, a significant legal setback for the prediction market platform. This ruling is part of a broader pattern of legal challenges for Kalshi, which has reportedly lost 19 of 23 prediction market rulings and faces a new New York lawsuit that could potentially reach the Supreme Court.
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馃毃 FEDERAL JUDGE RULES UTAH'S ANTI-GAMBLING LAWS CAN APPLY TO KALSHI'S SPORTS EVENT CONTRACTS
@Unchained_pod
鈿栵笍 New DEX in the City segment: Kalshi's lost 19 of 23 prediction market rulings, and a new New York lawsuit could be the one that pushes this to the Supreme Court. @kkirkbos, Jessi Brooks, and @TuongvyLe12 break it down. https://t.co/U0HGYL9RKq