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Utah files criminal charges against Kalshi
Utah charged prediction market Kalshi and its co-founders with violating its gambling ban. The firm called it overreach.
Why it matters
It tests whether states can regulate prediction markets.
Background
A federal judge ruled Utah can enforce gambling laws.
Sources
- The Guardian ↗Oct 28, 9:56 PM ET
- Al Jazeera ↗Oct 28, 10:33 PM ET
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