Svmuu News: Kalshi had originally planned to cancel prediction market transactions made by Michigan customers in accordance with a court order, but the U.S. Commodity Futures Trading Commission (CFTC) intervened and stated that Michigan had no authority to interfere with the contracts. The CFTC prevented the company from complying with the court order, which stemmed from Michigan’s recent attempt to halt sports trading; Michigan’s attorney general claimed that such transactions constituted illegal gambling. Michigan is one of several states where U.S. derivatives regulators are defending their legal authority over prediction markets. (CoinDesk).