U.S. District Judge Robert J. Shelby ruled Tuesday that the Commodity Exchange Act does not shield Kalshi from Utah's anti-gambling laws.

A New York judge denied the CFTC’s emergency motion to halt the state’s enforcement action against Kalshi, adding to the growing jurisdictional dispute over prediction markets.

Utah can enforce its strict anti-gambling laws on prediction markets such as Kalshi and Polymarket under a federal court ruling