Louisiana AG sues Kalshi, Polymarket, Robinhood, Coinbase, and Gemini over prediction markets

Attorney General Liz Murrill alleges the platforms are running illegal sports and election betting, while Kalshi has asked a court for emergency protection from the state Louisiana has decided that prediction markets look a lot like gambling, and it is taking several of the biggest names in trading to court over it. On November 12, 2026, Attorney General Liz Murrill filed a lawsuit in state court against Kalshi, Polymarket, Robinhood, Coinbase , and Gemini. The state alleges the platforms are breaking Louisiana’s gambling and sports wagering laws by offering event contracts tied to sports, awards, and elections.