Bitcoin.com
Federal vs. State: CFTC Blocks Michigan Court Order to Void Kalshi Sports Trades
July 16, 2026•01:30 AM
The Commodity Futures Trading Commission (CFTC) has stepped in to prevent Kalshi from liquidating sports event contracts that a Michigan court had previously ordered to be voided and refunded. This decisive move by the CFTC aims to uphold the finality of trades executed on a regulated derivatives exchange, ensuring that state-level judicial orders do not disrupt established market transactions.
This intervention sets the stage for a high-stakes legal confrontation between federal authority and Michigan's state regulations. While Michigan's ban on new sports trading remains in effect, the federal order clarifies that completed trades are protected, highlighting a growing tension over jurisdictional control in the evolving landscape of regulated financial derivatives.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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