Overview
- A Michigan circuit court judge issued a temporary restraining order on June 29 that bars Kalshi from offering sports event contracts to Michigan residents through July 13.
- The order requires Kalshi to use a third‑party geolocation provider licensed by Michigan’s gaming regulator and warns of $120,000 in daily fines for noncompliance.
- Kalshi has blocked Michigan users from accessing sports markets in response to the ruling and says it will continue to challenge state actions in court.
- The U.S. government and the Commodity Futures Trading Commission have moved to join parallel federal litigation in Rhode Island arguing CFTC oversight preempts state gambling laws, while several other states press enforcement actions.
- If courts allow state regulation, platforms would likely face state‑by‑state licensing, geofencing and consumer‑protection rules that could raise costs and limit national access for users, and regulators say the order protects under‑21 residents who can open accounts at age 18 on some platforms.