CryptoPrimary-confirmedconfirmedwatchingengine discovery
CFTC blocks Kalshi from unwinding Michigan trades, escalating federal-state prediction-market fight
The CFTC stayed an emergency Kalshi rule that would have force-liquidated certain previously executed event-contract positions held by Michigan residents. It directed the exchange to fulfill the open trades normally, asserting exclusive federal jurisdiction and warning that court-ordered unwinds could damage price discovery and confidence across derivatives markets.
PriorityURGENT90.2
First detected6d ago
Last development6d ago
Event date2026-07-14
Sources (3)
Origin
- cftc.govofficial_statementprimaryCFTC — CFTC Stays KalshiEX Rule Change and Orders Fulfillment of Pending Trades7d ago · open ↗
Confirmation
- coindesk.comweb_articleindependentCoinDesk — CFTC moves to stop Kalshi from canceling trades6d ago · open ↗