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๐Ÿ“ฐ News12 March 2026ยท2 min readยท

Utah Moves to Block Prediction Markets Amid State-Federal Jurisdiction Tensions

Source: cointelegraph
Utah Moves to Block Prediction Markets Amid State-Federal Jurisdiction Tensions
Utah is set to block prediction market platforms such as Kalshi and Polymarket, escalating tensions between state and federal regulators. CFTC Chair Michael Selig asserted that the agency holds authority over prediction markets and warned it will defend that jurisdiction in court if challenged. The dispute reflects broader uncertainty over the regulatory classification of prediction market products in the US.
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