US derivatives regulator blocks Kalshi from canceling Michigan trades despite court order
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
The Bharath News1 min readSource: ET Markets
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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.
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