A Michigan judge issued a court order Monday blocking prediction market company Kalshi from continuing to let state residents place financial wagers on sporting events, following accusations from the state’s top law enforcement official that the company was violating Michigan gaming laws.
Ingham County Circuit Court Judge Rosemarie Aquilina signed a temporary restraining order at the request of Michigan Attorney General Dana Nessel. As part of the ruling, Judge Aquilina warned that Kalshi would face fines of $120,000 for every day it fails to meet the geolocation requirements outlined in her order.
