US state of Utah moves to block prediction markets

The U.S. state of Utah is preparing to block prediction market platforms such as Kalshi and Polymarket, Cointelegraph reported. A bill, HB243, titled Gambling Amendments, recently passed both the Utah House and Senate and is now awaiting the governor's signature. The legislation defines "special betting" as a form of gambling. This refers to wagers on individual events within a game—such as a specific player's performance or a team achieving a certain statistic—rather than on the final outcome.