DraftKings, FanDuel, Fanatics scale back Utah prediction markets after Kalshi charges

DraftKings , FanDuel , Fanatics and PrizePicks are restricting their prediction market offerings in Utah following the state's decision to file 14 criminal charges against Kalshi , escalating the legal battle over sports event contracts. The changes affect sports, political, novelty, and other event contracts, although the extent of the restrictions varies by operator . DraftKings and FanDuel have retained financial event contracts, while Fanatics plans to stop accepting trades in the state entirely from Nov. 4. Customers can continue trading financial event contracts linked to stocks, commodities, and cryptocurrencies.