No. of Recommendations: 18
Trump regulator orders Kalshi to defy Michigan court – escalating battle over prediction markets
The Commodity Futures Trading Commission, the federal agency that regulates prediction markets, directed the Kalshi prediction market platform not to cancel pending sports trades in Michigan, in defiance of a court order from a state judge.
The rare CFTC order cited emergency powers that haven't been invoked since President Jimmy Carter's 1980 grain embargo against the Soviet Union during the Cold War.
CFTC chair Mike Selig said in a statement announcing the move he "will not allow states or state courts to bully" prediction markets
Trump and his family have financial ties to the prediction market industry."
WIKI: "In October 2025, President Donald Trump nominated Selig to chair the CFTC, around a month after the White House rescinded its nomination of Brian Quintenz for the role. After his confirmation, the single remaining CFTC Commissioner, Caroline Pham, resigned, leaving Selig as the only Commissioner on the normally five-person Commission."
Move along folks. Nothing to see here.
