forecastex

Louisiana sues Kalshi, Robinhood and other prediction markets

Louisiana Attorney General Liz Murrill said she filed a lawsuit against #Kalshi , #Robinhood , #Polymarket , #Forecastex , #Cryptocom, #Coinbase, #Novig , Underdog, #Gemini and #ProphetX, accusing the platforms of violating state law.

On November 12, the court temporarily barred the defendants from offering event contracts to Louisiana residents without a state gambling license. The companies maintain that their platforms fall under federal CFTC regulation. A hearing on whether to extend the restriction is scheduled for November 30.

👉 theblock.co/news/regulation/2026-11-12-louisiana-sues-kalshi-robinhood-other-prediction-markets-escalating-regulatory-fight-439052