Michigan Injunction Blocks KalshiEx Sports Betting
Michigan court issues preliminary injunction against KalshiEx for unlicensed sports betting, requiring geofencing and imposing $500,000 daily fines for violations.
A Michigan court issued a preliminary injunction against KalshiEx, LLC that bars the CFTC-regulated platform from offering, facilitating, advertising, or processing sports betting contracts to anyone in the state.
The order requires KalshiEx to maintain geofencing through a state-licensed third-party provider. Violations carry a $500,000 daily fine.
Background and enforcement
Michigan Attorney General Dana Nessel obtained the ruling after filing suit in March 2026 under the Lawful Sports Betting Act. A temporary restraining order had been in effect since June 2026.
The court cited risks to youth, mental health, unfair competition with licensed operators, and lost public revenue as grounds for the ban.
What remains unknown
The scope of the order on KalshiEx's non-sports prediction markets and CFTC-regulated contracts is not stated. Any effect on operations outside Michigan remains unknown.