Michigan blocks Kalshi with 14-day restraining order on sports prediction markets

A Michigan court issued a 14-day restraining order against prediction market platform Kalshi, blocking it from operating sports prediction markets in the state. The case is part of an ongoing jurisdiction dispute between the federal CFTC and multiple state regulators over prediction market platforms. Kalshi is one of the leading prediction market operators in the United States.

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📈 Business US CFTC moves to block Michigan court order forcing Kalshi to cancel trades CoinDesk · 9d ago 📈 Business Kalshi Says CFTC and Michigan Orders Put It in an Impossible Position Cointelegraph · 9d ago 🪙 Crypto North Carolina recognises CFTC authority over prediction markets, sets 6% tax Decrypt · 14d ago