World · Regulation · United States ·
Michigan authorities pursue legal challenge to block Kalshi prediction market
Michigan state authorities are continuing efforts to block Kalshi from operating prediction markets in the state, with a legal fight looming as Kalshi seeks federal permission and claims it was placed in an impossible position when directed to ignore a Michigan restraining order.
Why it matters for the crypto market
Kalshi's regulatory battles highlight ongoing state-versus-federal tension over who controls prediction market approval, with major implications for where decentralized prediction platforms can operate in the US.
Source: cointelegraph.com
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