Michigan Extends Kalshi Sports-Contract Ban
Judge raises the daily geofencing penalty to $500,000 as state and federal regulators clash over event contracts.
Judge raises the daily geofencing penalty to $500,000 as state and federal regulators clash over event contracts.
The measure covers sportsbooks and prediction markets, and supporters say it could stop minors from using adult accounts to place bets.
Michigan regulators cleared the operator after review as Pennsylvania’s entry broadened the multistate market.
Theresa Tomasik says the app flashed a big win before FanDuel called it a system error and refused to pay.
Qualifiers are already running, while the main series starts Friday with satellites, leaderboard prizes and a bonus wheel.
The July 3-5 Bet & Get offer rewards opted-in players who wager cash across any casino game, with payouts split by tier.
The board said the partnership blurs the line between licensed betting and prediction markets, and it is taking its sponsorship and staff with it.
Ingham County Circuit Court Judge Rosemarie Aquilina ordered a 14-day stop, citing Michigan’s 21-plus wagering rule and setting a $120,000-per-day fine for failing to meet geolocation requirements
Sports Betting Dime said the seven iGaming states marked a fifth $1 billion-plus month in six, with Michigan’s momentum tied to Hard Rock Casino and bet365 Casino
Michigan players can opt in from June 29 through July 5 for a random draw and bonus spins valued at $0.10 each