[Michigan Judge Prohibits Kalshi from Offering Sports Event Prediction Services to State Residents] BlockBeats News, June 30, according to Reuters, a Michigan judge ruled on Monday to prohibit the prediction market platform Kalshi from continuing to allow state residents to make financial predictions on sports events. Previously, Michigan Attorney General accused Kalshi's related business of violating state laws. At the request of Michigan Attorney General Dana Nessel, a Democrat, Ingham County Circuit Court Judge Rosemarie Aquilina issued a temporary restraining order. The judge stated that if Kalshi fails to comply with the geolocation restrictions required by the ruling, it will face a fine of $120,000 for each day of violation. [Original Link]