Episode Details

Michigan’s slapped Kalshi with a 14-day shutdown order, calling it an unlicensed gambling operation that could exploit residents — just as Nevada did earlier this year. With sports betting driving record $700M+ daily trading volumes since the World Cup, the platform’s explosive growth is colliding with a patchwork of state and federal regulations. The CFTC argues these prediction markets fall under federal jurisdiction, setting the stage for a legal showdown as regulators scramble to catch up with the fast-evolving world of online betting and investment.

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