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Utah contract withdrawals coincide with federal intervention in Kalshi case

PredictionAuthority reports the CFTC and Department of Justice filed an emergency motion on October 29 asking a Utah federal judge to halt the state criminal case against Kalshi and its co-founders. DraftKings Predictions pulled its Utah contracts on October 30, FanDuel Predicts followed on October 31, and Fanatics Markets said it would halt all Utah trades by November 4.

According to PredictionAuthority, the CFTC and Department of Justice filed an emergency motion on October 29 asking a Utah federal judge to halt the state criminal case against Kalshi and its co-founders.

The request puts federal intervention alongside a series of Utah contract withdrawals or planned trading halts by DraftKings Predictions, FanDuel Predicts and Fanatics Markets. The provided reporting does not indicate whether the judge has ruled on the motion.

Platforms move on separate timelines

DraftKings Predictions pulled its Utah contracts on October 30, according to PredictionAuthority. FanDuel Predicts followed on October 31.

Fanatics Markets said it would halt all Utah trades by November 4. That leaves its announced deadline distinct from the withdrawals already reported at the other two platforms.

What it means for prediction markets

  • Court action remains a key uncertainty: The emergency motion seeks to stop the state criminal case against Kalshi and its co-founders; the reporting does not establish that a halt has been granted.
  • Platform timing matters: DraftKings Predictions and FanDuel Predicts have already withdrawn Utah contracts, while Fanatics Markets has announced a November 4 deadline for stopping all Utah trades.
  • Causation is not established: The federal filing and platform moves occurred in close succession, but the provided reporting does not say the motion caused the withdrawals.
KalshiCFTCDraftKingsInfiniti MarketsInfiniti Signals

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