Louisiana Attorney General Sues Kalshi, Polymarket, Robinhood, Coinbase, and Gemini Over Prediction Markets
Key Highlights Louisiana is seeking an immediate temporary restraining order and injunction against Kalshi, Polymarket, Robinhood, Coinbase, and Gemini. The state argues that the platforms’ sports, awards, and election contracts constitute unauthorized gambling under Louisiana law. Kalshi and Polymarket maintain that the federal Commodity Exchange Act preempts Louisiana’s gambling rules, leaving the dispute unresolved as ...