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Kalshi executive calls election markets positive for democracy amid Michigan fight
Luana Lopes Lara says market prices inform voters, while Michigan and election officials raise gambling, manipulation and insider-trading concerns.
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Michigan pauses Robinhood’s new sports event contracts
The state says the company will stop taking new sports-related positions by the end of Wednesday and unwind existing ones by Oct. 9, while the wider fight over prediction markets continues.
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Michigan wins injunction blocking Kalshi sports wagers
A state judge ordered the prediction-market firm to stop offering online sports contracts in Michigan, add geofencing controls and face $500,000-a-day penalties for violations.