MGCB Cracks Down on Unlicensed Sports Prediction Platforms

The Michigan Gaming Control Board (MGCB) has launched formal investigations into several unlicensed platforms offering sports-related prediction markets, flagging serious concerns about consumer safety and the erosion of state-regulated betting standards. These platforms, including Kalshi and Robinhood, are being scrutinized for offering financial products that enable users to trade predictions on sports outcomes—functioning outside Michigan’s legal sports betting framework. Michigan aligns with […]