News Summary

• Utah can enforce its strict anti-gambling laws on prediction markets such as Kalshi and Polymarket.
• Utah has been on the front lines of a battle between states and the federal government over who regulates the markets.
• The legal landscape is fragmented, with state and federal courts blocking restrictions in several states and allowing them in others.
• The Trump Administration has been supportive of prediction markets, which allow anyone with a smartphone to wager on just about anything..
• Trump's social media platform, Truth Social, is also launching its own cryptocurrency-based prediction market called Truth Predict.