Kalshi hit with 14-day restraining order in Michigan, blocking sports prediction markets in state

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Kalshi is hit with a 14-day restraining order in Michigan, blocking sports prediction markets in the state. This move comes amidst an ongoing dispute between the CFTC and multiple state regulators over jurisdiction over prediction market platforms. The restraining order effectively halts Kalshi's operations in Michigan, impacting users and potentially setting a precedent for other states.