Daily Market Updates: Judge blocks Kalshi from offering sports prediction bets

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Judge blocks Kalshi from offering sports prediction bets

The order describes Kalshi’s sports prediction market as a sports-betting operation and sets a potential $500,000 daily fine for violations.

Reported · Written up by our desk · Regulation

A Michigan judge has barred Kalshi from offering sports prediction bets, according to Decrypt.

The court order characterizes the platform as a sports betting operation, “masquerading as an investment opportunity,” and threatens a $500,000 daily fine, according to Decrypt.

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DecryptMichigan Judge Bars Kalshi Sports Bets, Threatens $500K Daily Fine

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Judge blocks Kalshi from offering sports prediction bets

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