EconomyKalshi faces $500,000 daily fines as Michigan blocks sports event contracts
A Michigan judge has issued a preliminary injunction barring Kalshi from offering or facilitating covered sports-betting contracts in the state. The exchange must use a regulator-approved geolocation provider, with a potential $500,000 daily penalty for failing to meet that requirement. The order lasts until a final ruling but does not resolve the broader federal-versus-state jurisdiction dispute.
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CryptoSlate★★☆☆☆2026-09-04 17:55Original
Kalshi faces $500,000 daily fines as Michigan blocks sports event contracts
Economy