Fanatics is shutting down its prediction markets in Utah following legal scrutiny. The company will withdraw its platform on November 4, 2026, amid ongoing litigation involving Kalshi.
Utah's Attorney General has filed felony charges against prediction market platform Kalshi and its founders, citing violations of the state's gambling laws. Kalshi plans to contest the charges, as it did in Arizona.
Polymarket has filed a lawsuit against Ohio, arguing that the state's sports betting regulations violate the Commerce Clause. The prediction market also faced backlash for facilitating trades on high-profile cases.
A federal court has allowed Utah to continue enforcing its gaming laws against Kalshi, denying the company's request for an injunction. Kalshi argued it operates under federal regulation, but the court sided with Utah.
A Utah judge has dismissed Kalshi's lawsuit, ruling that state gambling laws apply to its prediction market platform. The decision marks another challenge for Kalshi in the United States.