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Michigan court orders Kalshi to keep blocking sports prediction markets

Michigan court orders Kalshi to keep blocking sports prediction marketsWorldPing

The injunction converts a temporary restraining order issued in June, and violations would result in a fine of $500,000 per day.

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New Jersey asks Supreme Court to resolve fight over Kalshi's future

If the high court accepts the petition, it would tee up a case with sweeping implications for prediction markets, an industry that has unleashed billions of dollars of betting across nearly every aspect of modern life.

Brief by WorldPing · Original reporting by NPR Top