Louisiana Attorney General Liz Murrill posted court documents on her official account today: a local judge has issued a temporary restraining order barring prediction market platforms including Kalshi, Polymarket, Coinbase, and Robinhood from continuing to offer related contracts to users in the state.
Her position is clear: they cannot operate without the relevant state licenses. The platforms typically argue that these contracts are regulated by the federal CFTC and should not be subject to state oversight. The documents state that the order is set to expire automatically on the 10th day after it was issued, and the next hearing is scheduled for November 30.
Her position is clear: they cannot operate without the relevant state licenses. The platforms typically argue that these contracts are regulated by the federal CFTC and should not be subject to state oversight. The documents state that the order is set to expire automatically on the 10th day after it was issued, and the next hearing is scheduled for November 30.
