Tenth Circuit Backs Utah in New Blow to Kalshi’s Sports Prediction Markets

Kalshi subject to Utah gambling law enforcement after appeal denial

Kalshi‘s tough run of U.S. court rulings continued Tuesday as the Tenth Circuit Court of Appeals denied its request to prevent Utah from enforcing gambling laws while the operator appeals a District Court loss. In a two-paragraph response to Kalshi’s ask, the Tenth Circuit ruling indicates that the prediction markets operator meets none of the […]

Tenth Circuit Backs Utah in New Blow to Kalshi’s Sports Prediction Markets

The appeals court affirmed Utah’s ability to enforce its gambling laws against Kalshi’s sports-event contracts, adding another federal appellate loss for the platform as New Jersey asks the Supreme Court to settle the growing conflict over whether prediction markets are federally regulated swaps or state-regulated sports betting.

10th Circuit Denies Kalshi's Emergency Motion for Appeal, Allows Utah to Enforce its Gambling Laws

The U.S. 10th Circuit Court of Appeals today denied Kalshi’s emergency motion for injunction pending appeal, essentially now allowing Utah to enforce its gambling laws against the company. The U.S. Circuit Court of Appeals denial came a little more than one month after U.S. District Judge Robert J. Shelby denied Kalshi’s motion for a preliminary … Continued