Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Allocation Update – Q4 2024

    October 9, 2026

    US eyes $1 billion Iran-linked crypto seizure, Bessent says

    October 9, 2026

    Pectra Testnet Announcement | Ethereum Foundation Blog

    October 9, 2026
    Facebook X (Twitter) Instagram
    Block Buzz News
    • Bitcoin
    • Coinbase
      • Litecoin
      • Altcoins
    • Blockchain
    • Crypto
    • Ethereum
    • Lithosphere News Releases
    Facebook X (Twitter) Instagram YouTube
    Block Buzz News
    Home » Michigan Blocks Predictions Markets Platform Kalshi From Offering Sports Bets in the State
    Altcoins

    Michigan Blocks Predictions Markets Platform Kalshi From Offering Sports Bets in the State

    Benjamin LeeBy Benjamin LeeSeptember 4, 2026No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    A Michigan court is barring a prediction market platform from offering sports wagers to state residents or risk massive daily fines for failing to block access.

    The order requires KalshiEx, LLC to maintain geofencing using a state-licensed third-party provider, with violations triggering a $500,000 daily fine.

    The injunction prohibits offering, facilitating, advertising, or processing any internet sports betting contracts to anyone in Michigan, including users aged 18 and older.

    Michigan Attorney General Dana Nessel secured the ruling after filing suit in March 2026 alleging unlicensed sports betting under the Lawful Sports Betting Act.

    A temporary restraining order was already in place from June 2026 following remand from federal court.

    The court cited risks to youth, mental health protections, unfair competition with licensed operators, and lost revenue for schools, tribes, and public services as reasons for the ban.

    Attorney General Nessel is highlighting the platform’s efforts to appear legitimate.

    “Kalshi long attempted to pass itself off as a legitimate gaming operation in our state, and I am relieved that this order further protects Michigan residents from its predatory, unlicensed practices. My office will continue to defend Michiganders and enforce our gaming laws, which ensure gambling revenue is regulated and distributed back into our communities.”

    The court order says Kalshi’s operations are causing harm to Michiganders.

    “Michigan and its most vulnerable citizens are suffering and will continue to suffer immediate and irreparable harm absent relief from being exploited by Kalshi’s sports betting operation masquerading as an investment opportunity.”



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Benjamin Lee

    Related Posts

    Crypto Wallet Ledger Now Lets Users Borrow Stablecoins Against Their Bitcoin Without Giving Up Self-Custody

    October 9, 2026

    CoinEx Crypto Exchange Is Shutting Down Three Years After Exiting US Market – Here’s the Deadline for Withdrawals

    October 7, 2026

    Visa Says Bank-Level Fraud Protection and Deposit Insurance Could Unlock US Stablecoin Adoption

    October 7, 2026

    Stablecoin Cross-Border Flows Surge 78% to $220,300,000,000 Amid Crypto Bear Market

    October 7, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Stablecoin market loses $10B as crypto liquidity quietly contracts

    July 12, 2026

    How to build server less applications for Mist

    July 12, 2026

    Justin Sun’s graveyard of abandoned crypto projects

    July 12, 2026

    Taylor’s Summer Update | Ethereum Foundation Blog

    July 12, 2026
    Don't Miss
    Ethereum

    Allocation Update – Q4 2024

    By Sophia BrownOctober 9, 2026

    Community & educationAleph de VeranoCrecimiento2-week event in Buenos Aires, Argentina featuring a ZK and fully…

    US eyes $1 billion Iran-linked crypto seizure, Bessent says

    October 9, 2026

    Pectra Testnet Announcement | Ethereum Foundation Blog

    October 9, 2026

    Alex Mashinsky gets lifetime crypto ban in New York settlement

    October 9, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    About Us

    BlockBuzzNews: Your daily dose of the latest in cryptocurrency trends, insights, and updates!

    Our Picks

    Allocation Update – Q4 2024

    October 9, 2026

    US eyes $1 billion Iran-linked crypto seizure, Bessent says

    October 9, 2026

    Pectra Testnet Announcement | Ethereum Foundation Blog

    October 9, 2026
    Most Popular

    Stablecoin market loses $10B as crypto liquidity quietly contracts

    July 12, 2026

    How to build server less applications for Mist

    July 12, 2026

    Justin Sun’s graveyard of abandoned crypto projects

    July 12, 2026

    Type above and press Enter to search. Press Esc to cancel.