Policy
CFTC Orders Kalshi to Honor Trades a Michigan Court Told It to Cancel
The Defiant·July 16, 2026·1 min read
The CFTC ordered Kalshi to honor trades a Michigan court told it to cancel. The regulator stayed a Kalshi rule change and invoked emergency authority, calling the first state attempt to void executed derivatives trades unprecedented. The dispute involves regulatory oversight of prediction markets.
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