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      Michigan Judge Issues Injunction Against Kalshi for Sports Betting Contracts

      Judge Rosemarie Aquilina of the Ingham County Circuit Court in Michigan has granted a preliminary injunction against the prediction market platform Kalshi, mandating that it cease offering contracts related to sports betting to residents of Michigan. The court determined that Kalshi's operations are effectively sports betting presented as investment opportunities.

      Under the terms of the injunction, Kalshi is required to prevent in-state users from accessing its services through a third-party geolocation service that is licensed by the Michigan betting regulatory agency. Failure to comply with this order will result in a daily fine of $500,000.

      Additionally, the injunction prohibits Kalshi from allowing account registrations, processing deposits, and engaging in advertising or other activities related to sports betting products for Michigan residents until a final judgment is reached in the case.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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