Utah, USA is preparing to ban prediction market platforms such as Kalshi and Polymarket. On Wednesday, Utah's HB243 bill (Gambling Amendment) was passed by the Utah House on February 10 and by the Senate on February 27, and has been sent to the governor for signing. The bill defines "special bets" as gambling. Special bets refer to wagers on individual events within a game, such as the performance of a specific athlete or whether a team reaches certain statistics, rather than bets on the final outcome of the game.
The purpose of the legislation is to prevent companies from offering sports-related predictions or prop bets in Utah, including through platforms that claim to be prediction markets rather than sports betting companies.