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US derivatives regulator blocks Kalshi from canceling Michigan trades despite court order
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.
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cryptobriefing.com
CFTC directs Kalshi to honor trades for Michigan residents despite state judge's order
The CFTC directed Kalshi to honor trades for Michigan residents despite a state judge's restraining order, escalating a federal vs. state jurisdiction
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theblock.co
CFTC orders Kalshi to honor Michigan trades, escalating clash with state regulators
Jurisdiction over prediction market platforms is an ongoing dispute between the CFTC and multiple state regulators.
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economictimes.indiatimes.com
US derivatives regulator blocks Kalshi from canceling Michigan trades despite court order
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…
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coindesk.com
ABD CFTC, Michigan mahkemesinin talimatıyla Kalshi'nin işlemleri iptal etmesini engellemek için harekete geçti
Federal türev düzenleyicisi, Kalshi'deki işlemleri denetleyen kurum, Michigan'ın şirketi işlemleri geri almaya zorlamasının uygun olmadığını savundu.
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U.S. CFTC moves to stop Kalshi from canceling trades as ordered by Michigan court
The federal derivatives regulator, which oversees trading at Kalshi, argued it was inappropriate for Michigan to "bully" the firm into reversing trades.
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CFTC blocks Kalshi from canceling Michigan trades despite court order
The CFTC used emergency authority to block Kalshi from canceling Michigan trades, escalating a federal-state jurisdictional battle over prediction markets.
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nymag.com
Kalshi’s Core Business May Already Be in Serious Trouble
States are cracking down on sports betting, and a major court ruling bodes poorly for the prediction-market giant.
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news.bitcoin.com
CFTC Blocks Kalshi From Cancelling Michigan Sports Trades Ordered Voided
The CFTC stayed an emergency Kalshi that would have force-liquidated open event-contract positions held by certain Michigan residents.
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thedefiant.io
CFTC Orders Kalshi to Honor Trades a Michigan Court Told It to Cancel | The Defiant
The CFTC ordered KalshiEX to fulfill trades a Michigan court directed it to cancel, staying a rule change and escalating a federal-versus-state jurisdiction fight.
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cnn.com
Trump regulator orders Kalshi to defy Michigan court – escalating battle over prediction markets | CNN Politics
The Trump administration took an extraordinary step this week to escalate its nationwide efforts to prevent states from regulating prediction markets, where users can trade on…