CFTC BLOCKS MICHIGAN COURT ORDER — KALSHI TRADES STAND DESPITE JUDGE RULING

CFTC flexed regulatory muscle and blocked a Michigan court order that would've forced Kalshi to cancel trades—meaning the bets stay live despite a judge's ruling. This is a rare clash between a federal regulator and state court, with real money and market integrity on the line for the derivatives platform.

Regulatory showdown with real money at stake; CFTC vs. court order on live trades is a breaking degen story.