Federal agency intervenes in Michigan’s legal fight over Kalshi sports contracts

By: Kyle Davidson

Outlets: Michigan Advance

Published: July 15, 2026

Words: 429

Last Updated: 6 days, 7 hours ago

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A federal board charged with overseeing futures trading is barring a popular prediction market from implementing a new rule after being ordered to cease sports betting operations in the state.

Earlier this year, Michigan Attorney General Dana Nessel filed a lawsuit against Kalshi, an online trading platform which effectively allows users to wager on the outcome of real world events, arguing the company was violating the Michigan Lawful Sports Betting Act.

On June 29, …

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