On November 12, a Louisiana judge issued a temporary restraining order barring 31 entities, including Kalshi, Polymarket, and Coinbase, from offering sports- and election-related event contracts to state residents without a state license, and requiring geofencing. The order expires in 10 days, with a hearing set for November 30. Kalshi has already suspended service in the state.
The next day, the CFTC sued the state, seeking a declaration that state gambling laws do not apply to markets it regulates. It was the 12th state the CFTC has sued; the day before, it had separately sued Arkansas alongside the Justice Department. On Saturday, state Attorney General Murrill called CFTC Chair Selig a “sycophantic standard-bearer” for prediction markets, saying that states have exercised gambling regulation for 250 years.
A temporary order doesn’t tell us much; who has jurisdiction will determine whether prediction markets can continue operating. The November 30 hearing will decide whether this restraining order is extended or struck down.
#预测市场 #事件合约 #CFTC regulation
The next day, the CFTC sued the state, seeking a declaration that state gambling laws do not apply to markets it regulates. It was the 12th state the CFTC has sued; the day before, it had separately sued Arkansas alongside the Justice Department. On Saturday, state Attorney General Murrill called CFTC Chair Selig a “sycophantic standard-bearer” for prediction markets, saying that states have exercised gambling regulation for 250 years.
A temporary order doesn’t tell us much; who has jurisdiction will determine whether prediction markets can continue operating. The November 30 hearing will decide whether this restraining order is extended or struck down.
#预测市场 #事件合约 #CFTC regulation