Consumer protection: other; suspension of lottery licenses; allow for violations of the cryptocurrency kiosk prohibition act. Amends sec. 23 of 1972 PA 239 (MCL 432.23). TIE BAR WITH: HB 5986’26
Key claim: HB 5987 would allow suspension of Michigan lottery licenses for violations of a tied cryptocurrency kiosk prohibition act.
Abstract
(HB5987 · 103rd Legislature) Consumer protection: other; suspension of lottery licenses; allow for violations of the cryptocurrency kiosk prohibition act. Amends sec. 23 of 1972 PA 239 (MCL 432.23). TIE BAR WITH: HB 5986’26 Sponsor: Rep. Matt Koleszar (D) + 8 co-sponsors In committee: H Regulatory Reform Latest action (2026-05-20): Bill Electronically Reproduced 05/19/2026
Why this matters
This companion bill creates an enforcement hook by leveraging lottery licensing — a common license held by retail locations that host cryptocurrency kiosks — to deter violations of the proposed kiosk ban. For retailers, it raises the stakes of noncompliance because losing a lottery license can materially affect store revenue, giving the underlying prohibition practical bite beyond direct penalties.