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Federal court bars Michigan regulator from enforcing TwinSpires licensing rule

Regulation

A federal court in Michigan made permanent an injunction preventing the Michigan Gaming Control Board from enforcing the state’s tethered-licence requirement against Churchill Downs’ TwinSpires platform. The ruling followed a Sixth Circuit decision that the federal Interstate Horseracing Act pre-empts the state requirement.

The permanent injunction prevents Michigan’s regulator from enforcing its tethered-licence requirement against TwinSpires’ online horse-race betting platform.

End-of-day close Churchill Downs (CHDN), USD, to 20 February 2026
Story date24 November 202520 February 2026

Latest reported results

Churchill Downs NASDAQ: CHDN

Quarter ended 30 September 2026

Revenue
USD 696.0m10-Q filing 0000020212-26-000084
Operating income
USD 143.0m10-Q filing 0000020212-26-000084

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