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Michigan court grants preliminary injunction against Kalshi as CFTC orders conflict with state action
- Michigan court grants preliminary injunction against Kalshi as CFTC orders conflict with state action — A Michigan court granted a preliminary injunction against Kalshi in Attorney General Dana Nessel's lawsuit, which argues the platform's event contracts violate state sports gambling rules. The order follows a June restraining order and a CFTC directive telling Kalshi not to comply with the state action, leaving the company facing conflicting state and federal instructions. (BitRss)
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