Utah Strikes Back Against Kalshi | Salt Lake City News

Salt Lake City News Today | 2 Min News | The Daily News Now! · Aug 4, 2026 · 1m

Utah just won a major legal victory against predictive betting platform Kalshi, with a federal judge ruling that Utah’s 180-year-old anti-gambling constitution still applies—even if Kalshi claims federal regulation shields them. The court rejected Kalshi’s argument that rebranding gambling as “prediction markets” makes it legal, siding with Utah’s stance that such activity harms families and must be banned. Utah Attorney General Derek Brown celebrated the decision, calling it a win for state sovereignty over financial innovation. Kalshi plans to appeal, arguing federal law should override…