Flash News

The Michigan state court has issued a preliminary injunction requiring Kalshi to continue to prevent residents of the state from participating in their sports contract transactions

On 3 September, the Michigan Regional Court issued a preliminary injunction requiring Kalshi to continue to prevent residents of the State from participating in their contract transactions for sporting events. The ban formally transformed the interim restraining order issued in June into a preliminary ban. If the ban is violated, Kalshi faces a fine of $500,000 per day。

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