CFTC Blocks Kalshi From Cancelling Michigan Sports Trades Ordered Voided

This post was originally published on this site

The Commodity Futures Trading Commission has stopped Kalshi from liquidating sports event contracts that a Michigan court ordered cancelled and refunded. The intervention leaves Michigan’s restriction on new sports trades intact while opening a direct federal-state confrontation over who controls transactions already executed on a regulated derivatives exchange. Federal order protects completed trades, not new […]