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    Did Kalshi’s Federal Court Strategy Push Utah Toward Criminal Prosecution?

    Did Kalshi’s Federal Court Strategy Push Utah Toward Criminal Prosecution?

    Kalshi's strategy of challenging state gambling regulators in federal court may be prompting authorities to alter their response tactics, potentially pushing Utah toward criminal prosecution. The development highlights escalating tensions between prediction market operators and state-level enforcement agencies.

    Summary based on reporting by Gambling Insider, which retains all rights to its text and images.

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    UK youth gambling with own money falls to 26% as 89% still recall gambling adverts

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    Congress examines rise of sports betting on college campuses amid addiction concerns

    Congress examines rise of sports betting on college campuses amid addiction concerns

    The U.S. House Subcommittee on Higher Education and Workforce Development held a congressional hearing to address the growing prevalence of sports betting among college students. Lawmakers and industry experts scrutinized the role of mobile betting apps, targeted advertising toward young demographics, and rising rates of underage and problem gambling. The session highlighted increasing federal oversight on the collegiate wagering environment.

    Rep. Ro Khanna calls on Congress to ban sports prediction markets, citing state law and addiction concerns

    Rep. Ro Khanna calls on Congress to ban sports prediction markets, citing state law and addiction concerns

    U.S. Representative Ro Khanna has urged federal lawmakers to ban sports prediction markets, characterizing them as sports wagering platforms disguised as financial exchanges. Khanna argued that these operators circumvent state and tribal gambling regulations, evade local taxes, and undermine consumer protections. He called for federal intervention to address consumer exposure and gambling addiction concerns.