Wire report
‘You can bet on it’: Utah lawmakers form united front in push to ban prediction markets
Utah’s heavily Mormon population is largely opposed to all gambling, even on financial exchange platforms 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. Continue reading...
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Utah’s heavily Mormon population is largely opposed to all gambling, even on financial exchange platforms 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. Continue reading...
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What happened
According to The Guardian’s linked item, ‘You can bet on it’: Utah lawmakers form united front in push to ban prediction markets, Utah’s heavily Mormon population is largely opposed to all gambling, even on financial exchange platforms 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. Continue reading…
Context
The development sits in VINI’s Markets coverage for readers following markets, companies, finance, insurance, public policy, and economic signals. The original report is linked so readers can check the source account, follow later updates, and compare new coverage against the first published record. The linked item is dated 2026-05-18T10:00:55+00:00.
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Source
Primary source: ‘You can bet on it’: Utah lawmakers form united front in push to ban prediction markets via The Guardian. VINI cites and links the source; it does not reproduce the publisher’s full article text without rights clearance.
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Source links
- ‘You can bet on it’: Utah lawmakers form united front in push to ban prediction marketsThe Guardian - 2026-05-18T10:00:55+00:00
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