Kalshi says CFTC, Michigan orders leave it in ‘impossible position’
CoinTelegraph·
60-second summary
Kalshi faces an impossible position after the CFTC and Michigan ordered the company to cease operations, citing regulatory concerns. Kalshi's legal counsel expressed disappointment and believed the decision is unfair. The company must now navigate these new restrictions, potentially impacting its user base and market presence, as regulatory scrutiny continues to shape the crypto derivatives landscape.
“We are disappointed by this decision and believe it is unfair to Kalshi,” the company’s legal counsel said on X.