AG ​Nessel has filed a lawsuit against KalshiEx, LLC (Kalshi), alleging the derivatives exchange and prediction market company violated Michigan’s Lawful Sports Betting Act (LSBA). The lawsuit, filed in the Ingham County Circuit Court on behalf of the People of the State of Michigan and the Michigan Gaming Control Board, seeks an order of abatement and injunctive relief to halt what the Attorney General contends is the unlawful offering of online sports wagers to Michigan residents.

“Corporations cannot circumvent state gaming laws. My office will hold those who sidestep Michigan’s consumer protections accountable and ensure that betting in our state remains lawful, fair and subject to the oversight our residents expect and deserve.” – AG Nessel