Louisiana attorney general sues 10 prediction market operators
Liz Murrill is seeking a court order covering sports, politics, elections and awards contracts. Kalshi has responded with a federal court filing.
Key points
- Louisiana Attorney General Liz Murrill sued 10 prediction market operators in state court.
- The state seeks to block contracts involving sports, politics, elections and awards.
- The lawsuit also seeks restitution, disgorgement and civil penalties.
- Kalshi has sought an emergency restraining order and preliminary injunction against Louisiana.
Louisiana Attorney General Liz Murrill sued 10 prediction market operators on Nov. 12, seeking to stop them from offering contracts tied to sports, politics, elections and awards in the state.
The case, filed in the 21st Judicial District Court in Tangipahoa Parish, names Kalshi, Polymarket, Robinhood, crypto.com, Coinbase, Novig, Underdog, Gemini Titan, ForecastEx and ProphetX, Covers reported.
Murrill accused the companies of running illegal online gambling operations. She is seeking a restraining order and an injunction, as well as restitution, disgorgement and civil penalties.
If the temporary restraining order is granted, the companies could have to halt the categories of contracts identified in the lawsuit. Murrill described the order she is seeking as “immediate” in a post on X.
Kalshi responded by seeking an emergency temporary restraining order and preliminary injunction against Louisiana in federal court. In its filing, the company cited a threat of imminent enforcement and “criminal, administrative, and forfeiture exposure” following discussions with state officials.
Sports betting and gaming attorney Daniel Wallach said Louisiana is the 13th state to bring civil enforcement action against prediction market companies, according to Covers. He said it was the first time a single lawsuit had targeted all the companies accused of violating a state's gaming laws.
The Louisiana case joins disputes in other states over prediction markets. Operators have secured restraining orders and injunctions in several cases, while other recent rulings have permitted state enforcement to proceed or rejected operators' requests to block it.
Louisiana has also acted against sweepstakes casinos, banning them Aug. 1. Arizona and Utah, meanwhile, have brought criminal cases involving prediction market company officials.
Sources
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