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points by bagacrap 5 days ago | 0 comments
Utah would probably ban more things if it could (or enforce requirements for participation, like "accredited investor" status), but stock options and commodity futures are both federally regulated. Sports gambling is not, and other things like mention markets also clearly have no conceivable real world utility and are just gambling.
[–] Miner49er 4 days ago
From my understanding Kalshi is federally regulated by the CFTC.
[–] bagacrap 4 days ago
That is what the lawsuit will determine.

In 2018, SCOTUS ruled sports gambling was the domain of the states.