Policy
Utah sues Kalshi and Susquehanna firms to halt alleged illegal sports betting
Crypto Briefing·October 20, 2026·1 min read
Utah sued Kalshi and Susquehanna firms to halt alleged illegal sports betting. The lawsuit could reshape prediction markets by challenging their classification, potentially deterring liquidity providers and impacting growth. This legal action may set a precedent for how prediction markets are regulated.
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