A Michigan court left no room for ambiguity this time: the judge converted the temporary restraining order (TRO) issued against Kalshi in June this year into a formal injunction, requiring the prediction market platform to continue to block Michigan users from trading sports-related contracts. Once violated, daily fines of up to $500,000 will be imposed.
The nature of orders varies from temporary to formal. TRO is of a temporary nature, usually the court presses the pause button during the trial of the case; a formal injunction means that the judge has made a clearer judgment, requiring Kalshi to continue to implement the blockade in Michigan until the case is resolved otherwise.
The daily penalty of $500,000 is the only number specifically named in this case. As for whether Kalshi will appeal and what subsequent actions the Michigan regulatory authorities will take, there is currently no more public information.
