Utah can enforce its strict anti-gambling laws on prediction markets such as Kalshi and Polymarket under a federal court rulingFILE - An ad for the prediction market app Kalshi is displayed on a mobile phone Thursday, April 16, 2026, in Chicago. (AP Photo/Erin Hooley,File)FILE - An ad for the prediction market app Kalshi is displayed on a mobile phone Thursday, April 16, 2026, in Chicago. (AP Photo/Erin Hooley,File)FILE - An ad for the prediction market app Kalshi is displayed on a mobile phone Thursday, April 16, 2026, in Chicago. The company maintains that prediction markets fall exclusively under federal jurisdiction and are not governed by a patchwork of state gambling laws. Trump’s social media platform, Truth Social, is also launching its own cryptocurrency-based prediction market called Truth Predict.