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Sixth Circuit upholds Churchill Downs injunction in Michigan ADW case

Regulation

The US Court of Appeals for the Sixth Circuit upheld a preliminary injunction allowing Churchill Downs to keep its TwinSpires advance-deposit wagering app operating in Michigan while litigation continues. The panel found that Michigan regulators had sought to regulate the betting platform, but did not decide broadly whether federal law pre-empts state horse-racing rules.

The ruling maintains TwinSpires’ ability to operate in Michigan during the case while leaving the broader federal-state regulatory question unresolved.

End-of-day close Churchill Downs (CHDN), USD, to 30 January 2026
Story date3 November 202530 January 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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