CFTC directs Kalshi to honor trades for Michigan residents despite state judge’s order

THE BLOCK: CFTC tells Kalshi to honor trades involving Michigan residents despite the state's attempt to force the prediction markets platform to cancel them. On June 29, a Michigan judge ordered Kalshi to stop offering sports-related event contracts and to unwind certain existing trades.

CFTC directs Kalshi to honor trades for Michigan residents despite state judge’s order

CFTC orders Kalshi to honor Michigan trades, escalating clash with state regulators

JUST IN: The CFTC has ordered Kalshi to honor open trades involving Michigan residents after a state court directed the prediction market operator to cancel certain contracts. https://t.co/9askUGlY5b

⚖️ THE CFTC JUST OVERRODE A MICHIGAN COURT TO PROTECT KALSHI'S TRADES! The federal regulator invoked emergency authority to order Kalshi to honor trades a Michigan court had told it to cancel, escalating a direct clash over who controls prediction markets in America. The CFTC's line: a state canno

CFTC 要求 Kalshi 继续履行涉及密歇根州居民的已成交交易，尽管该州法院此前下令其停止提供体育赛事合约并撤销部分交易。CFTC 主席 Michael Selig 表示，州政府无权迫使受联邦监管的指定合约市场违反《商品交易法》，取消已执行交易可能破坏市场合约确定性。此举进一步加剧了联邦与州监管机构围绕预测市场管辖权的争议，CFTC 此前已就相关问题对多个州提起诉讼。（The Block）wublock123.com/news/cftc-seek…

U.S. CFTC moves to stop Kalshi from canceling trades as ordered by Michigan court

The CFTC steps between Kalshi and a Michigan court The @CFTC ordered @Kalshi to ignore a Michigan court demand to void and refund customer trades, escalating a federal-versus-state fight over prediction markets. Chair Mike Selig (@ChairmanSelig) says states can't "bully" a federally registered mark

CFTC blocks Kalshi from canceling Michigan trades despite court order

JUST IN: CFTC blocks Kalshi from canceling Michigan trades despite a state court order Chairman Michael Selig says the agency "will not allow states or state courts to bully registered entities into violating federal law," per Reuters. The clash is the latest in a battle between nearly two dozen s