Utah Judge Rules Prediction Markets Are Gambling | Philadelphia News

Philadelphia News Today | 2 Min News | The Daily News Now! · Aug 6, 2026 · 1m

A Utah federal judge just sided with the state, clearing the way for enforcement of its anti-gambling laws against prediction markets like Kalshi — a major legal win for states pushing to regulate these platforms as gambling, not financial trading. Utah’s attorney general is ready to crack down, citing moral and cultural roots tied to the Church of Jesus Christ of Latter-day Saints, while Kalshi vows to appeal, insisting these markets fall under federal jurisdiction. With courts split on classification and enforcement looming, this battle is far from over — and the legal tug-of-war continues…