The legal action comes at the request of Attorney General Dana Nessel, who initiated the challenge against the platform's presence in the state. Under the terms of the court's mandate, Kalshi faces a daily penalty of $120,000 for any failure to enforce strict geolocation requirements intended to block Michigan users from placing bets. This ruling represents a significant escalation in the state's oversight of digital prediction markets that attempt to bypass traditional sports betting regulations.
Business
Michigan Judge Halts Kalshi Sports Betting Operations
Ingham County Circuit Court Judge Rosemarie Aquilina has issued a temporary restraining order against prediction market operator Kalshi, effectively barring the platform from accepting sports-related financial wagers from Michigan residents following allegations that the company’s activities run afoul of state gaming statutes.
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