Episode Details

Michigan just slapped a temporary ban on Kalshi, the prediction market app, after a judge ruled it’s essentially illegal gambling—especially risky for teens. With a two-week restraining order, the state blocks sports betting for Michigan users, citing lack of safeguards and potential harm. It’s not Kalshi’s first rodeo—similar bans hit Nevada and Massachusetts—but the company’s fighting back. Michigan’s AG is all-in, pushing for uniform gambling rules nationwide. This could escalate to the Supreme Court, reshaping how prediction markets are legally defined.

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