⚖️ Louisiana sues Kalshi, Polymarket, Coinbase and 7 other prediction markets
Louisiana Attorney General Liz Murrill has filed a lawsuit against Kalshi, Robinhood, Polymarket, Forecastex, Crypto.com, Coinbase, Novig, Underdog, Gemini and Prophetx, saying they have "violated our laws with impunity." She is seeking an immediate restraining order and an injunction. Louisiana is now the 11th US state to sue prediction markets, with states mainly targeting sports betting contracts. Kalshi has already filed for an emergency temporary restraining order, while Robinhood says its event contracts are federally regulated by the CFTC.
⭐ The state-versus-federal fight over who regulates prediction markets keeps widening and could end up at the Supreme Court, a key risk for one of crypto's fastest-growing sectors.
#PredictionMarkets #Kalshi #Polymarket #Coinbase #Regulation
Louisiana Attorney General Liz Murrill has filed a lawsuit against Kalshi, Robinhood, Polymarket, Forecastex, Crypto.com, Coinbase, Novig, Underdog, Gemini and Prophetx, saying they have "violated our laws with impunity." She is seeking an immediate restraining order and an injunction. Louisiana is now the 11th US state to sue prediction markets, with states mainly targeting sports betting contracts. Kalshi has already filed for an emergency temporary restraining order, while Robinhood says its event contracts are federally regulated by the CFTC.
⭐ The state-versus-federal fight over who regulates prediction markets keeps widening and could end up at the Supreme Court, a key risk for one of crypto's fastest-growing sectors.
#PredictionMarkets #Kalshi #Polymarket #Coinbase #Regulation
