[Kalshi Claims CFTC and Michigan Directive Put It in a Difficult Position] According to Cointelegraph, prediction market platform Kalshi stated that conflicting directives from the U.S. Commodity Futures Trading Commission (CFTC) and a Michigan court have placed it in an impossible situation. On June 29, the Michigan court ordered Kalshi to cease offering sports betting contracts to users in the state, but on Tuesday, the CFTC ordered Kalshi not to comply with the state directive and to continue operations. Kalshi's legal head, Robert DeNault, said the company has canceled the relevant trades as required by the state court, but there is a conflict between federal regulatory obligations and the state court's order. CFTC Chairman Michael Selig stated that canceling already executed trades would undermine market certainty, and the commission would not allow state-level agencies to force registered entities to violate the Commodity Exchange Act.