"The Court is not persuaded that the likelihood of success on the merits is great enough to warrant a TRO, nor is it persuaded that there is sufficient evidence that irreparable injury will result before Defendants can be heard. This determination allows Michigan officials, including Attorney General Dana Nessel, to proceed with potential enforcement actions against the prediction market operator."
"Plaintiff operates a prediction contract market, wherein parties may form contracts with each other stipulating that one party will pay the other if a specified thing happens (or fails to) in a specified way. The prediction contracts include contracts involving sporting events, including individual happenings within sporting events, such as the scores of games."
"Michigan regulators ramp up scrutiny of event-based prediction markets that resemble sports betting. The state recently filed a lawsuit against another operator, Kalshi, arguing that contracts tied to sports outcomes amount to unlicensed sports wagering under Michigan law."
U.S. District Judge Paul L. Maloney declined to grant Polymarket an emergency injunction or temporary restraining order that would have shielded the prediction market from Michigan state enforcement. The judge found insufficient evidence that Polymarket would likely succeed on the merits or face irreparable injury before state officials could respond. Polymarket operates an online marketplace enabling users to enter contracts predicting whether specific events occur, including sports outcomes and individual game scores. The company takes fees from these transactions. Michigan regulators are intensifying scrutiny of event-based prediction markets, treating them as unlicensed sports wagering. The state has filed separate litigation against competitor Kalshi, arguing sports-outcome contracts violate Michigan gambling laws.
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