Michigan Court Restrains Kalshi Sports Contracts
Ingham County judge issues temporary restraining order against Kalshi sports contracts with daily penalties up to $500,000.
Ingham County Circuit Court Judge Rosemarie E. Aquilina signed a temporary restraining order directing Kalshi to remove sports event-based contracts from Michigan.
The order carries a noncompliance penalty of up to $500,000 per day.
Open questions
Kalshi already faces legal challenges from more than a dozen states. The scope of contracts affected beyond sports events is not specified in the order, and no timeline for related Supreme Court proceedings has been provided.