The U.S. derivatives regulator blocked Kalshi from cancelling trades in Michigan.

Michigan

Who

U.S. derivatives regulator, Kalshi, Michigan state court

What

When

Tue, 14 Jul 2026 19:58:00 GMT · 1h 58m ago

Where

Michigan ·

Why

A state court order banned Kalshi's sports-related contracts, but the federal regulator intervened.

The Frontline Impact

How this affects you

This action signifies a conflict between federal support for prediction markets and state gambling laws, impacting the future of event-based trading platforms and raising jurisdictional questions.

Story chain

1 event in this thread

No related history yet - this is the origin event.

Verified Sources & Citations

The Economic Times
https://economictimes.indiatimes.com/markets/us-stocks/news/us-derivatives-regulator-blocks-kalshi-from-canceling-michigan-trades-despite-court-order/articleshow/132400801.cms
HIGH

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