A federal judge rules that Utah may enforce its anti-gambling laws against Kalshi, a prediction market platform, rejecting Kalshi’s argument that federal law prevents states from regulating its business. The decision allows Utah to move forward with enforcement related to prediction markets such as Kalshi and similar platforms, including Polymarket, under the state’s existing legal framework. Kalshi had challenged Utah’s authority, contending that its activities are protected or preempted by federal law. The court disagrees, concluding that Utah’s regulation is not barred by the federal arguments Kalshi raised. The ruling means Kalshi remains subject to Utah’s gambling-related requirements and potential enforcement actions while the dispute continues. The decision is described across outlets as denying Kalshi’s bid in the federal lawsuit and affirming the state’s ability to apply its anti-gambling laws to prediction market operations.