CFTC sues Louisiana to block order banning 31 prediction markets
REGULATIONCommodity Futures Trading Commissioncoinbrief/daily · 2 sources
- Severity
- Medium
- Sources
- 2
What happened
The CFTC has sued Louisiana to block a state judge's order that bans 31 prediction markets, including Kalshi and Polymarket, within the state. Louisiana's attorney general hit back by calling the CFTC chair an 'obsequious standard bearer' for prediction markets. The dispute is a clear clash between federal and state authority over these platforms.
For IT people · Written by AI from 2 sources · Wrong?
What to do
- Watch for a court ruling on the CFTC's request to block the Louisiana order.
Written by AI from the sources, checked against them
Full story timeline · 2 updates
Who reported · 2 outlets
The BlockCrypto Briefing
Who and what is in it
Companies
Government agencies