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Michigan judge orders Kalshi to suspend sports event contracts in state under temporary restraining order, BitRss reports
- Michigan judge orders Kalshi to suspend sports event contracts in state under temporary restraining order, BitRss reports — Ingham County Judge Rosemarie Aquilina granted emergency relief sought by Attorney General Dana Nessel, barring Kalshi from offering sports-related event contracts to Michigan residents and requiring a state-approved geolocation provider, with potential penalties up to 120,000 dollars per day. Kalshi maintains its CFTC designation governs its contracts, while Michigan says the platform lacks required gaming authorization. (BitRss)
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