THE BLOCK · 2026-11-12 21:44 UTC

Louisiana sues Kalshi, Robinhood and other prediction markets in escalating regulatory fight

Louisiana Attorney General Liz Murrill filed a lawsuit against Kalshi, Robinhood, Polymarket, Forecastex, Crypto.com, Coinbase, Novig, Underdog, Gemini and Prophetx, seeking an immediate restraining order and an injunction. Louisiana is the 11th state to sue one or more prediction markets, following Arkansas, Utah and Connecticut; states mainly object to sports betting, claiming the platforms operate illegally and avoid taxes. Platforms argue the CFTC should regulate them, and Kalshi filed an emergency temporary restraining order; the CFTC is reportedly investigating Kalshi and Polymarket.

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