Latest
Checked Oct. 21, 2026
State v. operator
Utah Third Judicial District Court, Salt Lake County
Pending
Complaint filed Oct. 20, 2026; no ruling or removal reported.
The question
Whether the operator's event contracts are unlicensed gambling under Utah law, or whether federal commodities law preempts the state's claims.
Utah's 63-page complaint alleges that Kalshi's sports, election and cultural contracts are gambling barred by the state constitution and a public nuisance. It asks for geolocation blocking, disgorgement and restitution, and estimates Kalshi took in roughly $30 million to $61 million from Utah accounts; market maker Susquehanna is also a defendant.
No decision date set78 days since the appeal was docketed
Appeal docketed Aug. 5Pending
Resolves Yes if the court reverses or vacates the district court's judgment for Utah in KalshiEx v. Cox, No if it affirms.
Tenth Circuit No. 26-4100. Source: Court docket
Will the Tenth Circuit shield Kalshi from Utah while it appeals?
The court denied Kalshi's emergency motion for an injunction pending appeal. Tenth Circuit No. 26-4100. Source: SBC Americas
Attorney General files suit.
Source: deseret.com