Utah Attorney General Derek Brown filed a lawsuit against Kalshi and Susquehanna entities, alleging they facilitate illegal gambling on sports, elections, and politics

How governments worldwide set rules for digital assets through legislation, agency rulemaking, licensing regimes and court fights.

Elections, institutions, legislation and disputes inside American states, covering governors, legislatures, attorneys general and ballot measures. States set most election rules and much of criminal, education and health policy, which makes them the level where federal deadlock is routinely bypassed.

A Reuters/Ipsos survey released October 12, 2026, found bipartisan opposition to using prediction markets, including Kalshi and Polymarket, to wager on United States election results. Federal and state regulators remain divided over whether these contracts are financial products or gambling.