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Michigan Court Rules Polymarket Sports Markets Outside CFTC Jurisdiction

2026-06-17 22:58:38

A Michigan federal court ruled that sports-related prediction market betting does not fall under CFTC jurisdiction. The U.S. District Court for the Western District of Michigan denied a preliminary injunction sought by Polymarket against state regulators. Michigan authorities claim Polymarket's sports prediction betting constitutes illegal sports trading. Polymarket argues the product should be treated as a swap product supervised by the CFTC at the federal level.

POLYMARKET1.82%

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