Louisiana Judge Orders Kalshi, Polymarket to Halt Event Contracts

A Louisiana state judge has temporarily barred Kalshi, Polymarket U.S., Robinhood, Coinbase and other companies that offer prediction markets from offering event contracts to anyone in the state, hours after Attorney General Liz Murrill sued them. The order also requires the companies to geofence Louisiana, despite the CFTC telling exchanges this month to drop such blocks altogether. Murrill filed suit on Thursday, Nov. 12, in the 21st Judicial District Court in Tangipahoa Parish. The petition names 31 entities across about a dozen platforms, including Kalshi, QCX LLC (which does business as Polymarket U.S.), Robinhood, Coinbase, Crypto.com, Gemini, Underdog, Novig, ProphetX, Forecastex and IG Group. Judge Jeffrey Johnson signed an ex parte temporary restraining order the same afternoon, according to a copy Murrill posted on X .

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