CFTC moves to block Kalshi from cancelling trades, overruling Michigan court

15th July, 2026

Narayani Srinivasan

The US derivatives regulator exercised emergency authority to reiterate its exclusive jurisdiction towards prediction markets, arguing that it is inappropriate for Michigan to 'bully' the firm into reversing trades.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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