(WWJ) -- Attorney General Dana Nessel is pushing back against a popular prediction market company.
Nessel is arguing KalshiEx, LLC, who operates Kalshi, is violating Michigan's Lawful Sports Betting Act by operating in the state. In a lawsuit filed in Ingham County circuit court, Nessel says the prediction market company is enabling Michigan residents to bet on sports while presenting themselves as a company that allows trading event contracts.
Kalshi allows users to bet on the likelihood of sports-related outcomes and participate in what the lawsuit alleges qualifies as unlicensed gambling activity
“Corporations cannot circumvent state gaming laws,” said Attorney General Nessel. “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.”
Its alleged Kalshi is operating without license approval from the Michigan Gaming Control Board. The lawsuit seeks to declare Kalshi's internet sports betting operation a common law nuisance and to issue a permanent injunction and order of abatement, restraining them from advertising its internet sports betting operation in Michigan.