Records read Oct 16, 2026 · counsel review pending
Court order
Sep 1, 2026
Ingham County Circuit Court preliminary injunction against sports wagering activity, $500,000 a day; Robinhood and Coinbase settled and halted sports contracts.
What the state has done
3 actions
Agreement: Michigan Gaming Control Board and Attorney General: Robinhood Derivatives, LLC Source
State-court injunction: Ingham County Circuit Court, on the Attorney General's motion (People and Michigan Gaming Control Board v. KalshiEX LLC): KalshiEX LLC Source
State suit: Michigan Attorney General: Kalshiex, LLC. The date is the remand order; Kalshi appealed (6th Cir. No. 26-1639). Source
Court of appeals, circuit 6
decided another state
KalshiEX LLC v. Schuler, Nos. 26-3196/5235 (6th Cir. Sept. 25, 2026) Kalshi has not shown that its sports-event contracts are "swaps"; alternatively, the CEA "neither expressly nor impliedly preempts" Ohio's or Tennessee's gambling laws.
Stage: preliminary injunction. It covers another state in this circuit; none yet on this state’s law.
Oct 9, 2026: Kalshi petitioned for rehearing en banc.
Prediction markets: the CFTC’s proposal on affiliated market makersThe CFTC has proposed rules for exchanges whose own affiliate trades on them, and it names prediction markets as the place the question matters most. What the proposal would require, what one exchange’s rulebook says today, and how to comment by October 5, 2026.Apparently Law · Oct 2, 2026 · current to Oct 1, 2026Prediction markets
