Michigan Court Issues Injunction Blocking Kalshi Sports Markets
Michigan court converts June TRO into injunction forcing Kalshi to maintain block on sports prediction markets with $500k daily fines.
A Michigan court has converted a June temporary restraining order into an injunction that requires Kalshi to continue blocking sports prediction markets.
Any violation carries a fine of $500,000 per day.
What remains open
The scope of the affected sports markets and the status of the underlying lawsuit or any appeal by Kalshi remain open.