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CFTC Orders Kalshi Not to Cancel Michigan Trades
By Editorial profile image Editorial

CFTC Orders Kalshi Not to Cancel Michigan Trades

The U.S. Commodity Futures Trading Commission (CFTC) has ordered prediction market platform Kalshi not to cancel trades placed by Michigan users.

The U.S. Commodity Futures Trading Commission (CFTC) has ordered prediction market platform Kalshi not to cancel trades placed by Michigan users.

This action has sparked a new conflict between federal regulators and state authorities regarding the oversight of sports-related event contracts. The disagreement stems from a Michigan circuit court ruling from June that instructed Kalshi to cease offering sports-related event contracts.

By Editorial profile image Editorial
Updated on
Regulation CFTC Kalshi Michigan Prediction Market Platform Federal Regulators State Authorities