• CFTC Blocks Kalshi From Halting Michigan Trades Despite Court Order
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    CFTC Blocks Kalshi From Halting Michigan Trades Despite Court Order

    CFTC blocked Kalshi from canceling Michigan trades despite a state court order. Federal regulators say the Commodity Exchange Act overrides conflicting state actions. Michigan dispute may shape future oversight of U.S. prediction market platforms. The U.S. Commodity Futures Trading Commission (CFTC) has directed prediction market platform Kalshi to continue honoring trades involving Michigan residents despite…