Louisiana secures restraining order against prediction markets companies

Louisiana obtained a temporary restraining order against Kalshi, Polymarket, and eight other prediction market operators a few hours after the state attorney general filed a lawsuit accusing the firms of violating state gaming laws. Attorney General Liz Murrill praised the court’s decision, saying it bans them “from continuing their unlicensed and unregulated illegal gambling in Louisiana.” Murrill’s lawsuit, which was filed in the 21 st Judicial District Court in Tangipahoa, also named Robinhood, Crypto.com, Coinbase, Norvig, Underdog, Gemini, ForecastEX, and ProphetX.