CFTC Rejects Kalshi Trade Cancellations in Michigan
A dispute between federal regulators and state authorities over prediction markets has escalated after the U.S. Commodity Futures Trading Commission (CFTC) instructed Kalshi to continue honoring sports-related event contracts in Michigan, despite a state court order requiring the company to halt such activity. The move places the federal derivatives regulator directly at odds with Michigan officials and marks one of the most significant developments yet in the ongoing legal battle surrounding prediction market platforms and their sports event offerings. The […] The post CFTC Rejects Kalshi Trade Cancellations in Michigan appeared first on World Casino News.
A dispute between federal regulators and state authorities over prediction markets has escalated after the U.S. Commodity Futures Trading Commission (CFTC) instructed Kalshi to continue honoring sports-related event contracts in Michigan, despite a state court order requiring the company to halt such activity. The move places the federal derivatives regulator directly at odds with Michigan officials and marks one of the most significant developments yet in the ongoing legal battle surrounding prediction market platforms and their sports event offerings. The […]
The post CFTC Rejects Kalshi Trade Cancellations in Michigan appeared first on World Casino News.
