[CFTC Blocks Kalshi from Canceling Prediction Market Trades per Michigan Court Order] Odaily Planet Daily News – Kalshi originally planned to cancel prediction market trades made by Michigan customers in compliance with a court order. However, the U.S. Commodity Futures Trading Commission (CFTC) intervened, stating that Michigan has no authority to interfere with the contracts. The CFTC has prevented the company from executing the court order, which stemmed from Michigan's recent attempt to halt sports-related trading. Michigan's Attorney General argued that such trades constitute illegal gambling. Michigan is one of several states where the U.S. derivatives regulator is defending its legal authority over prediction markets. (CoinDesk).