The Commodity Futures Trading Commission and the US Department of Justice have filed a federal lawsuit seeking to void Louisiana’s temporary order barring event contracts for residents of the state. The injunction, obtained by Attorney General Liz Murrill against roughly 30 entities, requires platforms to hold the gambling licenses Louisiana mandates. The CFTC wants federal oversight of the contracts under the Commodity Exchange Act, while Murrill is defending the state’s authority to regulate gambling. The case includes KalshiEX, Polymarket US, Robinhood Markets and Coinbase entities, and is the CFTC’s twelfth lawsuit over prediction markets. A federal hearing is scheduled for November 17, 2026, followed by a related state court hearing on November 30.
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