The federal agency is seeking to block Utah from enforcing its gambling laws against federally regulated prediction market exchanges. The Commodity Futures Trading Commission (CFTC) announced Tuesday it has sued Utah to block the state from enforcing its gambling laws…
The Kalshi app is seen on a phone screen in April 2026. Utah Attorney General Derek Brown speaks to reporters after a news conference announcing Utah’s lawsuit against Kalshi at the Utah Capitol in Salt Lake City on Oct. 20, 2026. Utah Attorney…
Utah Attorney General Derek Brown announced a lawsuit against Kalshi on Tuesday. The suit also names its affiliates and two Susquehanna trading companies. It claims the prediction market platform has helped run illegal betting in the state since 2024. Brown said…
Where the town gambles.
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