Trump admin sues Utah to shield Kalshi after state’s win

Utah’s attorney general says Kalshi runs an online casino disguised as a prediction market.

The hit

The US Commodity Futures Trading Commission has sued Utah to stop the state shutting down Kalshi, making Utah the 10th state sued by the regulator. The move comes after Utah beat Kalshi in a separate federal court case, & after Utah itself sued Kalshi in state court seeking to ban its sports, election & politics contracts.

Why it matters

The fight is over who gets to regulate prediction markets at all. If Utah can shut down Kalshi, that could spell trouble for Kalshi’s rival Polymarket, & for sports betting sites DraftKings & FanDuel, which also offer CFTC-registered products in states like Utah.

The record

States sued by the CFTC	10
Utah’s state court lawsuit	filed last week, seeks ban on Kalshi’s sports, election & politics bets (Utah AG Derek Brown)
Utah’s constitutional gambling ban	one of only two such state bans in the US (Utah AG Derek Brown)
Kalshi’s earlier federal case	lost to Utah after Kalshi sought to pre-empt state enforcement

What happens next

Watch how Utah answers the CFTC’s lawsuit, & whether other states follow Utah’s move against Kalshi-style prediction markets.

Sources: Trump admin sues Utah to save Kalshi from the state’s total ban on gambling

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