According to CoinMeta, authorities in Michigan continue to pursue Kalshi in an attempt to stop its operations, as a battle with the Supreme Court is approaching. The Michigan Attorney General announced that a preliminary injunction has been issued by state courts against Kalshi, prohibiting this predictive market platform from offering event contracts to residents. In case of violation, Kalshi could face fines of up to $500,000 per day. The attorney general stated that Kalshi has long attempted to disguise itself as a legitimate gambling operation, and it is reassuring that this order further protects Michigan residents from its predatory and unlicensed activities. This case represents the latest development in a series of legal battles between Kalshi and authorities in various U.S. states.