Kalshi Loses Utah Prediction-Market Case, Appeals State Court Defeat
Updated
Updated · Salt Lake Tribune · Aug 5
Kalshi Loses Utah Prediction-Market Case, Appeals State Court Defeat
3 articles · Updated · Salt Lake Tribune · Aug 5
Summary
Utah won a court fight against Kalshi, handing the prediction-market operator a setback in its effort to keep offering contracts in the state.
Kalshi is appealing the ruling, but the loss raises immediate uncertainty over whether Utah residents can continue using its markets.
Gov. Spencer Cox celebrated the decision as a state victory, underscoring Utah’s pushback against Kalshi’s operations.
An expert cited in the report said the case could mark the beginning of the end for prediction-market businesses in some states if similar challenges spread.