POLISCOPE
Back to feed
NewsKESQ NewsChannel 3July 17, 2026Riverside

Federal Regulator Directs Kalshi to Ignore Michigan Court Order

The Commodity Futures Trading Commission (CFTC) has instructed the prediction market platform Kalshi to disregard a Michigan state court order. This action marks a significant escalation in the federal government's efforts to maintain exclusive regulatory control over markets where users bet on real-world events.

prediction marketsfederal regulationstate vs federal authorityfinance
Read the full story at KESQ NewsChannel 3

Why It Matters

This conflict determines whether state-level regulators or federal agencies have the authority to oversee , directly impacting the legal ability of platforms like Kalshi to operate in specific states.

Key Facts

  • The Commodity Futures Trading Commission (CFTC) issued a directive to Kalshi to defy a Michigan court order.
  • The CFTC is the federal agency responsible for regulating prediction markets.
  • Prediction markets allow users to trade on outcomes of real-world events including sports, politics, and pop culture.
  • The Trump administration is actively working to prevent states from regulating these markets.
  • This action represents an escalation in the jurisdictional dispute between federal and state authorities over prediction market oversight.

Who's Mentioned

organizationKalshi“A prediction market platform currently subject to conflicting federal and state ”organizationTrump administration“The administration overseeing the federal regulatory action.”locationMichigan“The state where a court issued an order regarding prediction markets.”personMarshall Cohen“The author of the news article.”organizationCommodity Futures Trading Commission“The federal agency regulating prediction markets that issued the directive.”