The CFTC has requested Kalshi to continue honoring completed trades involving Michigan residents, despite a prior state court order requiring the platform to cease offering sports event contracts and void certain trades. CFTC Chairman Michael Selig stated that state governments have no authority to force federally regulated designated contract markets to violate the Commodity Exchange Act, and canceling executed trades could undermine the certainty of market contracts. This move further intensifies the dispute between federal and state regulators over jurisdiction in prediction markets. The CFTC has previously filed lawsuits against multiple states on related issues. (The Block) https://www.(wublock123.com)/news/cftc-seeks-enforcement-kalshi-michigan-trades-opposes-state-court-vacatur-64620