CFTC sues Louisiana to block order shutting out prediction markets

Louisiana's attorney general fired back at CFTC Chairman Michael Selig a day after the federal lawsuit landed The federal government has sued Louisiana over prediction markets. The Commodity Futures Trading Commission and the US Department of Justice want a federal court to void a state order that blocks event contract platforms from serving Louisiana residents. Louisiana is not taking it quietly. A day after the lawsuit was filed, Attorney General Liz Murrill publicly accused CFTC Chairman Michael Selig of making false claims. The fight over prediction markets is no longer a polite disagreement about jurisdiction. The sequence moved quickly.