Kalshi fell victim to one of the classic blunders - the most famous of which is "never get involved in a land war in Asia" - but only slightly less well-known is this: "Never go against Utah over gambling."
Kalshi is not immune to Utah’s ban on gambling, rules federal judge
"You can’t rebrand illegal gambling as a federal commodity,” said Utah Attorney General Derek Brown. “Today a federal judge agreed with us. Kalshi bet that clever branding would beat Utah law. Kalshi ...
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