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Story summary
- Kalshi, a New York-based prediction market, sues Utah officials over proposed regulations, arguing federal law permits operations and it avoids gambling classification.
- The targets include Governor Spencer Cox and Attorney General Derek Brown as Utah advances House Bill 243 to ban proposition betting.
- Kalshi argues its contracts fall under Utah's lawful business exception in anti-gambling laws.
- The suit follows lack of communication from the Attorney General's office on enforcement.
