Polymarket reportedly failed to secure a temporary restraining order against Michigan’s attorney general after filing a pre-emptive lawsuit. The filing sought to avoid a similar outcome to Kalshi, but the report gives no further details of the court’s decision.
The decision leaves Polymarket without the requested temporary restraint against Michigan’s attorney general.
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A federal judge in Connecticut rejected Kalshi’s request for an emergency injunction, ruling that a CFTC order could not override the court’s interpretation of federal law. The judge also found Kalshi had not shown irreparable harm; the dispute concerns whether state gambling laws apply to its sports-event contracts.
Michigan regulators issued cease-and-desist letters to 33 offshore gambling operators. Regulators also warned players that unlicensed sites lack protections.
On 8 October, the Michigan Gaming Control Board sent cease-and-desist letters to 33 offshore gambling operators. The regulator alleges that these companies made online casino games, sweepstakes-style games and sports betting available to people in Michigan while lacking a state licence. According to an MGCB statement, its investigations determined that every named operator was offering such products without authorisation. Michigan law requires companies to be licensed by the regulator before they may provide internet gaming or sports wagering in the state.
A federal judge in Michigan denied Polymarket and Robinhood’s requests for preliminary injunctions against state gambling enforcement on 18 June. Judge Paul L. Maloney questioned whether federal derivatives law displaced states’ authority over sports-event contracts, but said the injunction decision was not a final ruling on their legality.
France Football has opened an investigation into suspicious betting patterns around the Ballon d’Or, reportedly, and said French police would also be involved. The report says 12 Polymarket accounts wagered a combined $264,000 on the final top-five ranking, while seven accounts bet only on that event.
The organisation has opened an official probe into the suspicious betting patterns. French police are to take part in the inquiry as well. France Football has promised to establish whether any parties bear responsibility. Its position is that the winners were chosen through a vote run independently.
The CFTC said on 5 November that registered designated contract markets must remove domestic geographic restrictions that conflict with its fair-access requirements within 30 days. Exchanges must also ensure partner intermediaries comply, or explain in writing why they cannot; the guidance comes amid state court orders requiring restrictions in several states.
The CFTC said on 5 November that registered prediction market operators must unblock geoblocked states within 30 days. Under its new interpretative guidance, designated contract markets that cannot comply may instead explain in writing why they cannot.