CFTC Blocks Michigan Court Order | Bitcoin and Crypto News

The CFTC is stepping in to block a Michigan court order that demanded Kalshi cancel past trades, asserting federal authority over this prediction market and warning that undoing completed trades could destabilize the entire market. This showdown highlights the growing conflict between state governments, which often label these platforms as illegal gambling, and federal regulators who insist they have exclusive jurisdiction — making this the first time a state has tried to interfere with actual trading activity. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/420b63c8c563aa33