Michigan Judge Temporarily Blocks Kalshi from Sports Betting

2 sourcesFirst reported 22 days agoUpdated 22 days ago

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A Michigan judge has issued a 14-day restraining order against Kalshi.
The order prevents Kalshi from allowing sports betting contracts for residents.
The ruling highlights ongoing jurisdictional disputes between the CFTC and state regulators.
This decision escalates tensions over prediction markets and gambling laws.
Kalshi's operations in Michigan are currently halted pending further review.

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All coverage (2)

Kalshi hit with 14-day restraining order in Michigan, blocking sports prediction markets in stateThe Block · 22 days ago
Michigan judge blocks Kalshi from allowing residents to place sports betsCointelegraph · 22 days ago

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AI summary: catch up in 20 seconds

A Michigan judge has issued a 14-day restraining order against Kalshi.
The order prevents Kalshi from allowing sports betting contracts for residents.
The ruling highlights ongoing jurisdictional disputes between the CFTC and state regulators.
This decision escalates tensions over prediction markets and gambling laws.
Kalshi's operations in Michigan are currently halted pending further review.

Generated by AI from the 2 sources below · always verify with the originals