CFTC Blocks Michigan Court Order Requiring Kalshi to Reverse Prediction Market Trades

The U.S. Commodity Futures Trading Commission (CFTC) has escalated its legal battle over prediction markets by ordering Kalshi not to comply with a Michigan court directive requiring the company to cancel and refund certain customer trades. The move underscores the CFTCs position that it has exclusive authority to regulate Kalshi, a federally registered designated contract market (DCM), under the Commodity Exchange Act. The agency argues that state governments and courts cannot override federal oversight of regulated prediction markets. CFTC Chairman Mike Selig said the commission will not…  Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

UP NEXT

Related Tags

Loading RSS Feed

You May Like

Subscribe To Our Newsletter

Metus in ac vivamus dui id purus in risus. Nunc fringilla donec amet pulvinar vivamus suscipit. Augue porttitor eu sed proin tortor bibendum facilisis felis. Nunc egestas tellus nisl tempor aliquet malesuada ali eu sed proin tortor bibendum facilisis felis
Stay Updated by our Monthly / Weekly News Update. Zero Spamming. Terms & Condition Applied