‘You can bet on it’: Utah lawmakers form united front in push to ban prediction markets
Utah lawmakers are uniting to push for a ban on prediction markets, which have gained popularity in recent years. The state's conservative leaders argue that these platforms constitute gambling and should be regulated as such. This stance puts them at odds with a federal administration that has embraced the growing industry.
- ▪Utah has some of the strongest anti-gambling laws in the US, with a long-standing opposition to gambling.
- ▪Prediction markets like Kalshi and Polymarket allow users to bet on various events and have surged in popularity.
- ▪Utah's Republican leaders, including Governor Spencer Cox, argue that prediction markets are gambling and have no place in the state.
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| Original publisher | The Guardian — US |
| Canonical URL | https://www.theguardian.com/us-news/2026/may/18/you-can-bet-on-it-utah-lawmakers-form-united-front-in-push-to-ban-prediction-markets |
| Publication time | Mon, 18 May 2026 10:00:55 GMT |
| Retrieval time | 2026-05-18T10:09:56.153Z |
| Last seen | 2026-05-18T10:09:56.153Z |
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Opening excerpt (first ~120 words) tap to expand
A billboard for Kalshi showing 2024 US presidential election odds in New York on 6 November 2024. Photograph: Bloomberg/Getty ImagesView image in fullscreenA billboard for Kalshi showing 2024 US presidential election odds in New York on 6 November 2024. Photograph: Bloomberg/Getty ImagesThe big betPrediction markets‘You can bet on it’: Utah lawmakers form united front in push to ban prediction marketsUtah’s heavily Mormon population is largely opposed to all gambling, even on financial exchange platformsAnna BettsMon 18 May 2026 06.00 EDTSharePrefer the Guardian on GoogleUtah is home to some of the strongest anti-gambling laws in the US, with vehement opposition dating back more than a century.
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