Mmastodon TechnologyTechnology first seen 8 d ago, last 8 d ago, peak #1

Trump administration sues Utah over prediction market ban

Original: Trump admin sues Utah to save Kalshi from the state's total ban on gambling US agency has sued 10 states for trying to s

The Trump administration has filed a lawsuit against Utah to block the state's outright ban on gambling as it applies to Kalshi, the prediction markets platform. The Justice Department has now sued 10 states over efforts to shut down gambling on prediction markets, escalating a federal-state conflict over whether these markets count as regulated gambling.

Why now: The federal government taking states to court over prediction market regulation is a significant escalation in the legal fight over Kalshi's business model.

Trump administrationKalshiUtah

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Evidence

• Trump admin sues Utah to save Kalshi from the state's total ban on gambling US agency has sued 10 states for trying to stop gambling on prediction markets. https:// arstechnica.com/tech-policy/20 26/10/trump-admin-sues-utah-to-save-kalshi-from-the-states-total-ban-on-gambling/… · techwire@gamefan.net · 2

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