Utah Judge Rejects Kalshi’s Federal Shield From Gambling Laws

AI Summary A federal judge granted Utah summary judgment Tuesday, holding that the Commodity Exchange Act does not preempt the state’s anti-gambling laws as applied to Kalshi’s sports event contracts. The exchange says it will appeal to the Tenth Circuit, which would bring prediction-market appeals into seven of the 13 federal circuits. Shelby Finds Multiple Readings of […] fulltext: 383 chars | fulltext source: rss-fallback | summary method: extractive Original: https://news.bitcoin.com/igaming/utah-judge-rejects-kalshis-federal-shield-from-gambling-laws/ Source: Bitcoin.com News