US derivatives regulator blocks Kalshi from canceling Michigan trades despite court order
Published on: July 15, 2026, 1:28 a.m. | Source: The Economic Times
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.
