CFTC Blocks Kalshi From Cancelling Michigan Sports Trades Ordered Voided

AI Summary The Commodity Futures Trading Commission has stopped Kalshi from liquidating sports event contracts that a Michigan court ordered cancelled and refunded. The intervention leaves Michigan’s restriction on new sports trades intact while opening a direct federal-state confrontation over who controls transactions already executed on a regulated derivatives exchange. Federal order protects completed trades, not new […] fulltext: 423 chars | fulltext source: rss-fallback | summary method: extractive Original: https://news.bitcoin.com/cftc-blocks-kalshi-from-cancelling-michigan-sports-trades-ordered-voided/ Source: Bitcoin.com News