CFTC sues Utah to protect Kalshi from state gambling ban

The Commodity Futures Trading Commission sued Utah to block the state from enforcing its gambling ban against prediction market Kalshi. Utah is the tenth state sued by the CFTC; a federal court previously sided with the state and Kalshi's appeal was denied.

• CFTC sued Utah, the tenth state in a series of similar legal battles
• Judge Robert Shelby ruled federal law does not preempt Utah's anti-gambling laws
• The Tenth Circuit denied Kalshi's emergency injunction on September 8
• 39 states and DC backed New Jersey's petition asking the Supreme Court to resolve the circuit split