Michigan blocks Kalshi sports bets as Supreme Court fight nears

Crypto Insight Summary: A Michigan judge has instructed prediction market company Kalshi to remove from the state any sports event-based contract, imposing a penalty of up to $500,000 per day for noncompliance, increasing the pressure on a company facing legal challenges from over a dozen states. Ingham County Circuit Court Judge Rosemarie E. Aquilina signed the temporary restraining... Crypto Insight Analysis: Direction: Neutral Impact: No Impact Horizon: Short-term (1-3 days) Reasoning: The Kalshi case is unrelated to crypto markets and has no direct impact on crypto trading or adoption.