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Kalshi Ordered to Temporarily Stop Sports Wagers in Michigan
Judge Rosemarie Aquilina said Kalshi must follow geolocation rules or face a $120,000 daily fine during a 14-day restraining order.
- On Monday, Ingham County Circuit Court Judge Rosemarie Aquilina issued a temporary restraining order blocking prediction market platform Kalshi from offering sports betting contracts to Michigan residents for 14 days.
- Michigan Attorney General Dana Nessel sued Kalshi in March, alleging it violated the Lawful Sports Betting Act by allowing 18-year-olds to place wagers, below the state's required age of 21.
- Under the terms of the ruling, Kalshi must use a state-licensed geolocation provider to ensure compliance, with a $120,000 fine imposed for each day of non-compliance through July 13.
- Kalshi spokesperson Diana stated the platform "is subject to exclusive federal jurisdiction" and will contest the ruling, claiming it won't be bullied by interests protecting monopolies over consumers.
- This ruling follows similar legal challenges in Nevada and Massachusetts, as more than a dozen states have now taken prediction market operators to court for operating without necessary state licenses.
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Michigan Judge Blocks Kalshi from Allowing Residents to Place Sports Bets
A Michigan Judge blocked Kalshi from offering sports betting contracts to residents, making it the second US state to enact a court-ordered ban on the platform.
·Dubai, United Arab Emirates (the)
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Coverage Details
Total News Sources21
Leaning Left0Leaning Right1Center6Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
C 86%
14%
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