Michigan Judge Imposes $500K Daily Fine on Kalshi for Non-Compliance
- Ingham County Circuit Judge Rosemarie Aquilina granted a preliminary injunction against Kalshi, requiring geolocation compliance.
- Kalshi faces a $500,000 daily fine if it fails to use a licensed provider for geofencing Michigan residents.
- The order prohibits advertising and account funding related to sports betting until final judgment.
- Kalshi must notify futures commission merchants of the order within three business days.
- Attorney General Dana Nessel initiated the lawsuit under Michigan’s Lawful Sports Betting Act in March.
Judge Aquilina’s order aims to protect Michigan residents from unlicensed sports betting practices by Kalshi, which allegedly bypasses state regulations and harms local funding initiatives. The injunction remains effective until a final decision is made in the case.
Kalshi is required to comply with geolocation standards set by the Michigan Gaming Control Board or face substantial financial penalties, emphasizing the state’s commitment to enforcing its gambling laws strictly. (Source)
