Utah Bans Prediction Markets, Kalshi Sues
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Utah Proposes Ban on Prediction Market Platforms; Kalshi Sues in Response
Utah is set to ban prediction market platforms like Kalshi and Polymarket, with Governor Spencer Cox planning to sign House Bill two forty-three into law. The bill labels proposition betting as gambling, including wagers on specific sports events. Kalshi, however, has sued Utah and Iowa, arguing that its event contracts are federally regulated derivatives under the Commodity Futures Trading Commission. The dispute highlights a growing conflict between state regulators and federal authorities.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/88c2880865684aa3