Kalshi Sues Louisiana Attorney General to Stymie Potential Enforcement

Litigation involving the legality of event contract trading has spread to another new state in the United States, with a federal court in Louisiana serving as the venue in a new lawsuit that Kalshi filed. The defendants in the case are Louisiana state officials, with Attorney General Liz Murrill as the lead defendant. The complaint cites comments from Murrill and other defendants characterizing Kalshi's designated contract market (DCM) as illegal gambling under Louisiana law. Kalshi wants the court to enjoin the defendants from acting on that premise as the same legal questions are reaching a crucial inflection point.