CFTC orders Kalshi to honour Michigan prediction market bets, defying state regulators

The Commodity Futures Trading Commission (CFTC) has ordered prediction market platform Kalshi to honour trades placed by Michigan users, escalating its clash with state-level regulators. The dispute centres on which authority has jurisdiction over prediction market platforms — a conflict ongoing between the CFTC and multiple state regulators. Kalshi argues its federal CFTC status exempts it from state law.

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📈 Business US CFTC moves to block Michigan court order forcing Kalshi to cancel trades CoinDesk · 10d ago 📈 Business Michigan blocks Kalshi with 14-day restraining order on sports prediction markets The Block · 25d ago 📈 Business Kalshi Says CFTC and Michigan Orders Put It in an Impossible Position Cointelegraph · 10d ago

More on this topic

📈 Business US CFTC moves to block Michigan court order forcing Kalshi to cancel trades CoinDesk · 10d ago 📈 Business Michigan blocks Kalshi with 14-day restraining order on sports prediction markets The Block · 25d ago 📈 Business Kalshi Says CFTC and Michigan Orders Put It in an Impossible Position Cointelegraph · 10d ago