CFTC orders Kalshi to honor Michigan trades, escalating clash with state regulators

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The US CFTC ordered Kalshi to respect in-state transactions in Michigan, accelerating clashes with state regulators. Kalshi's trading volume has grown to over $1 billion as of December 31, 2023, and is affected by state regulations.

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Kalshi's massive growth in trading volume has sparked concerns among investors regarding regulatory conflicts.

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