Kalshi issued a 14-day restraining order in Michigan, blocking its sports prediction markets in the state amid ongoing CFTC-state regulator jurisdiction disputes.
Regulation & Gov ·
A Michigan court has issued a 14-day restraining order against Kalshi, temporarily blocking the prediction market platform from operating its sports prediction markets in the state. The action reflects ongoing jurisdictional disputes between the CFTC and state regulators over which authority governs prediction market platforms.
The restraining order halts Kalshi's sports event prediction contracts during what appears to be active state gambling litigation. The court's move represents a state-level intervention in a market category that has attracted regulatory scrutiny, with multiple state authorities challenging the federal regulator's authority over such platforms.
The 14-day duration leaves open whether the restriction will persist beyond that window, what legal arguments might be advanced in subsequent proceedings, and how the outcome could shape state versus federal regulatory authority over prediction markets more broadly.