Polymarket US to stop offering sports contracts in Michigan
The exchange will close open positions by 25 November under a court-approved agreement with the state.
RegulationPolymarket US will stop offering new sports event contracts to customers in Michigan and close any remaining open positions by the end of 25 November, under an agreement approved by a federal court in the state.
Michigan's regulator said the move follows similar steps by Kalshi, Robinhood and Coinbase. It said platforms offering sports contracts to Michigan residents need a Michigan licence.
In return, the state will not take enforcement action against Polymarket US while it complies.
Read the full story at Michigan Gaming Control Board
Summary by FlowsPredicts. Full story by Michigan Gaming Control Board.
