Kalshi faces Michigan geofencing deadline as CFTC orders trades honoured
Regulation · SectorWire deskSource published
Summary
A Michigan judge extended a restraining order against Kalshi's sports contracts and set a 12 August deadline to geofence the state or face $500,000 daily fines. The CFTC used emergency authority to order Kalshi to honour Michigan trades rather than cancel them. Kalshi also sought an injunction pending appeal in New York and paused its Washington appeal pending Ninth Circuit decisions.
Why it matters
The rulings test whether federal commodities law preempts state gambling rules for CFTC-regulated event contracts, affecting prediction market operators and licensed sportsbooks.
Cite as: SectorWire, “Kalshi faces Michigan geofencing deadline as CFTC orders trades honoured”, 17 July 2026, https://sectorwire.news/item/kalshi-faces-michigan-geofencing-deadline-as-cftc-orders-trades-honour/