The U.S. derivatives regulator blocked Kalshi from cancelling trades in Michigan despite a state court order banning its sports-related contracts. The move highlights a growing clash between federal authorities backing prediction markets and states enforcing gambling laws, raising broader questions about jurisdiction, regulation, and the future of event-based trading platforms.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.