THE BLOCK · 2026-11-14 19:07 UTC

Louisiana AG calls CFTC chair an 'obsequious standard bearer' for prediction markets following agency lawsuit

The CFTC sued Louisiana in federal court on Friday to block a state judge's ex parte order barring 31 entities, including Kalshi, Polymarket, Coinbase and Robinhood, from offering event contracts in the state. Louisiana AG Liz Murrill called CFTC Chairman Michael Selig's statements "flatly false" and said gambling has been regulated by states for 250 years; Selig had called the state's suit "naked lawfare." The order requires geofencing Louisiana and expires after 10 days unless extended; a preliminary injunction hearing is set for Nov. 30, and Kalshi has cut off access for Louisiana users.

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