Louisiana Sues to Halt Prediction Market Operations

A Louisiana judge has ordered prediction markets to immediately suspend operations across the Bayou State. On Thursday, Nov. 12, Louisiana Attorney General Liz Murrill secured a temporary restraining order from Tangipahoa Parish Judge Jeffrey Johnson directing prediction markets—including major platforms like Polymarket and Novig—to suspend their business operations. Murrill petitioned the court on claims that prediction markets regulated by the Commodity Futures Trading Commission (CFTC) are violating Louisiana’s gaming laws. “[Prediction market] operators’ attempts to make up new words to evade state gambling laws, regulators, and taxes are not fooling anyone,” the attorney general added.