A Michigan Judge has temporarily blocked Kalshi from offering sports betting contracts to residents, escalating the state-federal fight over prediction markets and gambling laws.
A Michigan judge temporarily blocked prediction market Kalshi from allowing residents to place bets on sporting events, after the state's attorney general accused the platform of violating gambling laws.
Kalshi was hit with a temporary restraining order from Ingham County Circuit Court Judge Rosemarie Aquilina, who said the platform would be fined $120,000 for each day it fails to comply with the order’s geolocation requirements, according to a Monday court filing. The order lasts for 14 days and expires on July 13.
Aquilina wrote that Michigan residents would suffer irreparable harm from being “exploited by Kalshi's sports betting operation masquerading as an investment opportunity.”&
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