Louisiana AG sues Kalshi, Polymarket, Robinhood, Coinbase, and Gemini over prediction markets

Louisiana Sues Kalshi, Robinhood, Polymarket and Seven Other Prediction Markets

Louisiana Attorney General Liz Murrill announced a lawsuit on Thursday, November 12, targeting 10 prediction market operators, including Kalshi, Robinhood and Polymarket, as the dispute over whether federally regulated event contracts are subject to state gambling laws intensifies.The action also names ForecastEx, Crypto.com, Coinbase, Novig, Underdog, Gemini and ProphetX. Murrill said she is seeking emergency restrictions and an injunction agai…

Louisiana Sues Kalshi and Polymarket Over Event Contracts in State Court

Attorney General Liz Murrill is seeking a restraining order and injunction, alleging the contracts violate state gambling and sports betting laws.

Louisiana sues Kalshi, Robinhood and other prediction markets in escalating regulatory fight

Louisiana is the latest state to take on prediction market platforms, joining a legal battle between states and the federal government.

Louisiana Attorney General Files Sweeping Prediction Market Lawsuit

Louisiana Attorney General Liz Murrill announced today the filing of a sweeping lawsuit against nearly every single prediction market company offering event contracts in the state of Louisiana. Murrill filed the lawsuit in the 21st Judicial District Court, Parish of Tangipahoa. The lawsuit includes Kalshi, Polymarket, Robinhood, Crypto.com, Underdog, Novig, ProphetX, and several other prediction … Continued

Louisiana AG sues Kalshi, Polymarket, Robinhood, Coinbase, and Gemini over prediction markets

The lawsuit highlights the growing tension between state and federal regulation of prediction markets, potentially reshaping legal boundaries.