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Michigan Bans Kalshi Over Gambling Rules | Lansing News
Michigan’s AG shuts down prediction market Kalshi for two weeks after a judge rules it violates state gambling laws—letting 18-year-olds bet while the legal age is 21, and potentially exploiting mental health vulnerabilities without proper safeguards. The case highlights broader concerns: protecting youth, ensuring fair competition, and preserving tax revenue for schools and public services, especially for tribes losing out on critical funding. Kalshi’s failed attempt to move the case to federal court reinforces that gaming regulation is a state right—and now faces daily fines and a…
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