Trump admin sues Utah to save Kalshi from the state's total ban on gambling

The US Commodity Futures Trading Commission (CFTC) has sued Utah to prevent the state from enforcing its ban on gambling, specifically against Kalshi, a prediction market platform. This is the 10th state the CFTC has sued in an effort to protect the platform. Utah had previously sued Kalshi in state court, seeking to prohibit the platform from offering bets on sports, elections, politics, and other events, citing the state's ban on gambling. The CFTC claims that Utah's efforts to restrict the platform obstruct Congress's decision to federally preempt state law.