A Michigan judge issuing a restraining order blocking Kalshi from sports betting contracts in a courtroom setting.
A Michigan judge issuing a restraining order blocking Kalshi from sports betting contracts in a courtroom setting.
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Michigan judge blocks Kalshi from sports betting contracts

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A Michigan judge has issued a temporary restraining order against prediction market platform Kalshi, barring it from offering sports-related wagers to state residents for 14 days.

The order, granted on June 30, prevents Kalshi from allowing residents to place sports bets. It marks the second US state to impose a court-ordered restriction on the platform.

The ruling follows similar legal action in Massachusetts, where the attorney general is pursuing an amended complaint against Kalshi over sports betting activities.

Kalshi offers prediction markets on various events, including sports outcomes in some jurisdictions. The Michigan blackout is set to last for the next two weeks.

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Initial reactions on X highlight the temporary restraining order against Kalshi in Michigan, focusing on the ongoing regulatory battle between state gambling laws and federal oversight of prediction markets. Users and accounts note potential fines, Kalshi's defense of CFTC jurisdiction, and frustration from bettors.

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Illustration of Minnesota capitol and federal clash over prediction markets
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Minnesota’s push to curb prediction markets runs into a federal preemption fight

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Minnesota lawmakers have advanced legislation aimed at restricting prediction markets such as Kalshi and Polymarket, setting up a clash with the Commodity Futures Trading Commission, which argues federal law gives it exclusive authority over many of those products.

Kalshi filed a lawsuit against Illinois officials on Tuesday, challenging a new state tax on sports-related prediction markets. The suit was brought in the US District Court for the Northern District of Illinois. It alleges that state officials have overstepped federal regulatory authority.

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Rhode Island's attorney general has sued prediction market platforms Kalshi and Polymarket, prompting a countersuit from Kalshi. The legal actions challenge the platforms' ability to offer sports-related event contracts in the state.

Two industry leaders urged regulators to treat sports betting as a financial instrument rather than gambling during a panel at Consensus Miami 2026. Novig CEO Jacob Fortinsky outlined plans to expand nationwide under a federal framework this summer. Adam Mastrelli of 57 Maiden shared his experience of being banned from major sportsbooks for successful betting.

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尽管官方已发出警告,香港居民仍持续使用Polymarket和Kalshi等平台对政治及其他议题进行投注。

Wall Street broker Bernstein said prediction market platforms are poised for a wave of mergers and acquisitions as companies integrate customer distribution with exchange infrastructure.

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DraftKings disclosed strong early results for its Predictions platform on June 9. The company launched the offering in December 2025 and now reports an annualized trading run rate of $3.1 billion.

 

 

 

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