Four New Mexico tribes have asked a federal judge to force Kalshi to block its sports betting app on tribal lands, escalating a legal fight over whether federal or tribal law controls online prediction markets in the state
A Michigan court has ordered Kalshi to halt all sports event contracts in the state and implement strict geofencing, with a $500,000 daily penalty for noncompliance. The ruling outlines seven regulatory violations and sets a new enforcement benchmark
Kalshi is under mounting legal and regulatory pressure as multiple states pursue litigation, federal authorities investigate prediction market trading, and new geolocation requirements take effect in key markets
