Kalshi—an online prediction market currently suing Utah Gov. Spencer Cox and Attorney General Derek Brown—has backed off its demand for immediate court intervention in the case. The company withdrew its request for a temporary restraining order after striking an agreement with state lawyers, but it’s still pursuing a broader injunction to stop Utah from treating Kalshi as illegal gambling.
⏰ Tick Tock
8 days - The final day of the 2026 Utah Legislature (3/6/2026)
11 days - First day congressional candidates can file to run for the 2026 election. (3/9/2026)
19 days - Neighborhood caucus night. (3/17/2026)
44 days - Utah Forward Party nominating convention (4/11/2026)
59 days - Utah State Republican and Democratic State Party nominating conventions (4/25/2026)
118 days - Utah's 2026 primary election (6/23/2026)
250 days - 2026 midterm elections (11/3/2026)
985 days - 2028 presidential election (11/7/2028)
The Thursday filing didn’t say what, exactly, the agreement covers. Neither the Utah AG’s office nor Kalshi immediately responded to requests for comment.
Kalshi filed a preemptive lawsuit on Monday, saying Utah was gearing up to enforce the state’s constitutional ban on gambling against the platform.
Prediction markets like Kalshi let users trade “yes/no” contracts on real‑world events. Traders buy and sell from each other, not the house; when an event resolves, holders of the winning side get paid. Kalshi takes a fee on each trade.
Right now, Kalshi lists Utah‑related markets on pro and college sports and upcoming elections. In the 1st Congressional District Democratic primary, state Sen. Nate Blouin is favored over former Rep. Ben McAdams, with about 55% of traders backing Blouin; the posted potential payout on that market is just under $10,000 as of publication, split among holders of the winning contracts.
There’s even a Salt Lake City snowfall market. Its potential payout tops $81,000 as of publication.
Utah officials have said prediction markets like Kalshi violate the state’s gambling ban.
Kalshi’s counter: federal law preempts Utah here. The platform is regulated by the Commodity Futures Trading Commission (CFTC), and under the Constitution’s Supremacy Clause, federal statutes trump conflicting state laws.