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Michigan Court Blocks Kalshi Sports Bets, Imposes $120,000 Daily Fine

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2 outlets - including Cryptotimes and Bitcoinworld - are covering this story. Michigan secured a temporary court order blocking Kalshi's sports contracts until July 13, with a $120,000 daily fine tied to the platform's estimated $600 million in daily trading volume.

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The Crypto Times News Jun 30, 11:18 UTC

Kalshi Faces $120,000 Daily Fine Under New Michigan Court Order

Michigan secured a temporary court order blocking Kalshi's sports contracts until July 13, with a $120,000 daily fine tied to the platform's estimated $600 million in daily trading volume.

Michigan Court Blocks Kalshi Sports Bets, Imposes $120,000 Daily Fine
Bitcoin World Jun 30, 05:40 UTC

Michigan Court Blocks Kalshi Sports Bets, Imposes $120,000 Daily Fine

BitcoinWorld Michigan Court Blocks Kalshi Sports Bets, Imposes $120,000 Daily Fine A Michigan court has issued a temporary restraining order against the prediction market platform Kalshi, prohibiting the company from offering bets on sports…