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The Guardian - US
The Guardian - US
World
Anna Betts

‘You can bet on it’: Utah lawmakers form united front in push to ban prediction markets

A large electronic billboard shows the odds of a Trump presidential win, 99-1 against Kamala Harris
A billboard for Kalshi showing 2024 US presidential election odds in New York on 6 November 2024. Photograph: Bloomberg/Getty Images

Utah is home to some of the strongest anti-gambling laws in the US, with vehement opposition dating back more than a century. But as prediction markets have surged – allowing users to bet on almost anything, from elections to sports to geopolitical events – the state has not escaped the nationwide boom.

Its Republican leaders are fighting back, setting up a battle between one of the country’s most conservative states and a rapidly growing industry that is embraced by a Republican administration in Washington – and members of the US president’s own family.

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