US — Ars Technica

Trump admin sues Utah to save Kalshi from the state's total ban on gambling

PolicyOctober 29, 20261 min read

The US government is suing Utah to stop the state from blocking Kalshi, a prediction market app. Utah says Kalshi is an illegal online casino and is trying to shut it down.

What happened

Utah sued Kalshi in state court last week. The state wants a court order that stops Kalshi from offering bets on sports, elections, politics, and other events. Now the US Commodity Futures Trading Commission (CFTC), the federal agency that regulates prediction markets, has sued Utah to block the state's effort. This makes Utah the 10th state the CFTC has sued over prediction markets.

Key facts

Utah is the 10th state sued by the CFTC over prediction markets.
Utah is one of only two states where gambling is also banned by the state constitution.
Utah has banned gambling for 130 years, according to the state's attorney general.
Utah already beat Kalshi in federal court after Kalshi sued first to stop the state's gambling laws.

Why the fight is happening

A prediction market lets people bet on whether future events will happen, such as sports results or elections. Utah says these bets are gambling and break state law. The CFTC says federal law gives it sole power over these markets, so state laws should not shut them down. This clash between federal and state power is the core of the case.

Why it matters

If Utah can shut down Kalshi, other companies could face the same risk. Polymarket, Kalshi's main rival, could be affected. Sports betting sites like DraftKings and FanDuel could also be hit, since both are registered with the CFTC and offer prediction-market products in some states.

What to watch

Whether the courts side with Utah or with the federal government.
Whether other states follow Utah and take similar action against prediction markets.
How Polymarket, DraftKings, and FanDuel respond if Utah wins.

Glossary

Kalshi: A company that runs a prediction market, where people bet on future events like sports and elections.
CFTC: The US Commodity Futures Trading Commission, a federal agency that regulates prediction markets and similar trading.
Polymarket: A prediction-market company and a main rival of Kalshi.
DraftKings: A company that offers sports betting and other online betting products.
FanDuel: A company that offers sports betting and other online betting products.
prediction market: A market where people trade bets on whether future events will happen.

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