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Home›Crypto›Regulation›CFTC orders Kalshi to honor Michigan trades amid regul…

CFTC orders Kalshi to honor Michigan trades amid regulator dispute

The order keeps Kalshi from reversing certain Michigan prediction market contracts while regulators continue to fight over jurisdiction.

Reported · Written up by our desk · Regulation

The CFTC has directed Kalshi to honor trades placed in Michigan, according to The Block, as the agency and state regulators continue a broader dispute over who has jurisdiction over prediction market platforms.

The Block notes that the conflict is not confined to one state, but involves disagreements between the CFTC and multiple state regulators about how such platforms should be regulated.

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Sources

The BlockCFTC orders Kalshi to honor Michigan trades, escalating clash with state regulators

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