Louisiana AG Calls Prediction Market Remarks ‘Flatly False’

Louisiana Attorney General Liz Murrill criticized unspecified prediction-market remarks as “flatly false” Nov. 14, adding to a dispute over whether Louisiana can restrict federally regulated event contracts. Murrill wrote that the remarks came from the “obsequious standard bearer” for Kalshi and prediction markets. Her post did not name the person or identify the statement she disputed. The United States and the Commodity Futures Trading Commission (CFTC) filed a federal lawsuit against Louisiana Nov. 13. The federal plaintiffs seek a ruling that Louisiana gambling laws are preempted for transactions listed, offered or executed through CFTC-regulated designated contract markets.