A federal judge in Utah has ruled that the state can apply its gambling laws to Kalshi, the prediction market platform, rejecting the company's argument that its contracts are financial instruments rather than gambling. Judge Robert Shelby of…
A federal judge in Utah has ruled that the state's anti-gambling laws can be enforced against Kalshi, the prediction market platform, rejecting the company's argument that federal commodities law shields it from state regulation. The decision, handed down…
