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BREAKING: Michigan moves against Kalshi.
A Michigan judge has issued a temporary restraining order blocking Kalshi from offering sports event prediction markets in the state.
* Kalshi faces $120,000 per day in fines if it fails to comply with geolocation requirements.
* Michigan becomes the second state, after Nevada, to secure a court injunction against Kalshi.
* The judge ruled Kalshi's sports contracts resemble unlicensed sports betting, not investing.
* Kalshi plans to appeal, arguing it falls under the exclusive jurisdiction of the CFTC.
The legal battle over U.S. prediction markets continues to escalate.
#SolanaEcosystemANSEMSurges #AAVESurges13% $BTC