SectorWire
SearchRegister
MenuClose

CFTC stays Kalshi emergency rule change over Michigan sports trades

Regulation

The CFTC stayed an emergency rule change proposed by Kalshi in response to a Michigan court order on sports event contracts. Kalshi said it had already unwound the trades as the court required; the regulator said compliance could affect market integrity, while non-compliance could expose Kalshi to enforcement action.

The conflicting federal direction and state court order leave Kalshi facing competing compliance requirements over Michigan sports contracts.

Request a correction

Flag an issue

Keep reading

Regulation

Polymarket US agrees to end Michigan sports contracts by 25 November

Polymarket US has agreed to stop offering new sports-related event contracts to Michigan customers and close residents’ remaining open positions by 25 November 2026, according to the report. A federal court approved the agreement, which the report says follows similar deals with Coinbase and Robinhood and a preliminary injunction against Kalshi.

Polymarket US will stop selling new event contracts related to sports to Michigan customers, and open positions held by residents of that state will be closed by November 25 2026. A federal court approved the agreement, which came after comparable deals with Coinbase and Robinhood and a preliminary injunction against Kalshi.

Continue reading