Kalshi loses emergency appeal bid against Utah
The ruling keeps Utah free to enforce gambling restrictions as Kalshi continues its appeal, after states won 35 of 41 similar procedural fights, Wallach said.
- On Tuesday, the 10th U.S. Circuit Court of Appeals denied Kalshi's emergency motion for an injunction pending appeal, clearing the way for Utah to enforce its gambling laws against the prediction market platform.
- Kalshi had sued Utah earlier in 2026, arguing that its sports event contracts are governed by federal Commodity Futures Trading Commission oversight rather than state gambling statutes.
- Judges determined Kalshi failed to demonstrate the four required factors for emergency relief: likelihood of success on appeal, threat of irreparable harm, absence of harm to opposing parties, and public interest alignment.
- Utah Attorney General Derek Brown told FOX 13 News he was "grateful the properly denied the stay request," though he declined to confirm whether enforcement action is imminent.
- The ruling reflects a broader pattern: legal analyst Daniel Wallach reported states have prevailed in 35 of 41 emergency relief contests, an 85% success rate, as 38 active prediction-market cases proceed across 21 states.
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Cryptocurrency News | Cryptocurrency Prices | Market CapKalshi loses emergency appeal bid against Utah
Kalshi has lost an emergency injunction request at the 10th Circuit, leaving Utah free to enforce its gambling laws while the prediction market operator pursues its appeal. Utah can enforce its gambling laws against Kalshi Legal analyst Daniel Wallach said…
Kalshi Emergency Motion Fails As Utah Enforcement Looms
The 10th Circuit rejected Kalshi’s request to block Utah enforcement during its appeal. The ruling lets the state pursue civil or criminal action but does not settle whether sports event contracts fall under federal derivatives law or state gambling rules. A Supreme Court petition may shape the wider dispute.
Kalshi Loses Emergency Court Bid, Leaving Utah Free to Enforce Gambling Laws
The U.S. Court of Appeals for the Tenth Circuit denied the emergency motion filed by the Kalshi platform, allowing the state of Utah to begin enforcing its strict anti-gambling regulations. The court’s ruling refuses to grant the preliminary injunction sought by the operator, immediately enabling intervention by state authorities while the underlying appeal regarding the ...
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