The Trump administration has filed a lawsuit against Utah to block the state's enforcement of its total gambling ban against Kalshi, a CFTC-regulated prediction market. Utah is now the 10th state sued by the CFTC over this issue, with the federal government asserting that Congress preempted state law regarding CFTC-registered contract markets.
Background
The CFTC has been suing multiple states that attempt to restrict or ban CFTC-registered prediction markets, asserting federal preemption over state gambling laws. Utah is unique as one of only two states where gambling is constitutionally prohibited.
- Source
- Ars Technica
- Published
- Oct 29, 2026 at 03:30 AM
- Score
- 7.0 / 10