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 filed suit against Louisiana to block a state judge's order that bans 31 prediction markets, including Kalshi and Polymarket, in the state. The Louisiana attorney general publicly attacked the CFTC chair as an 'obsequious standard bearer' for the sector. The articles give no ruling or hearing dates, so the key thing to watch is how the court treats the CFTC's request to block the order and whether other states follow Louisiana's lead.
For experienced traders · 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