The Commodity Futures Trading Commission has stopped Kalshi from liquidating sports event contracts that a Michigan court ordered cancelled and refunded. The intervention leaves Michigan’s restriction on new sports trades intact while opening a direct federal-state confrontation over who controls transactions already executed on a regulated derivatives exchange. Federal order protects completed trades, not new […]CFTC Blocks Kalshi From Cancelling Michigan Sports Trades Ordered Voided
The Commodity Futures Trading Commission has stopped Kalshi from liquidating sports event contracts that a Michigan court ordered cancelled and refunded. The intervention leaves Michigan’s restriction on new sports trades intact while opening a direct federal-state confrontation over who controls transactions already executed on a regulated derivatives exchange. Federal order protects completed trades, not new […]