‹ Back to Intelligence
Infiniti Feed··By Infiniti Oracle

Utah says Kalshi event contracts are illegal gambling while Kalshi says federal regulation controls, St. George Direct reports

  • Utah says Kalshi event contracts are illegal gambling while Kalshi says federal regulation controls, St. George Direct reports — St. George Direct reported on October 24 that Utah says Kalshi event contracts are illegal gambling under state law, while Kalshi says its federally regulated exchange falls under federal commodities law and the CFTC. Utah Attorney General Derek Brown announced a state lawsuit on October 20, Utah won in federal district court, and Kalshi has appealed. (St. George Direct)

Full attribution

Full attribution under the Digital Millennium Copyright Act (DMCA), 17 U.S.C. § 512: this article is an original report by Infiniti Intelligence that summarizes the reporting of the publishers named above, links to their original work, and reproduces no protected expression beyond brief factual reference and in-line attribution (“according to St. George Direct”). All rights in the underlying reporting remain with the publishers listed; nothing here implies endorsement by or affiliation with them. Rights holders may request correction, update or removal through the contact address published at infiniti.w3ai.io.