Prediction Markets: Louisiana Blocks Kalshi and Polymarket, CFTC Responds

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Louisiana ordered 31 entities, including structures linked to Kalshi, Polymarket, Robinhood, Coinbase, Crypto.com and Gemini, to block Louisiana residents from accessing event contracts for lack of a gambling license. The emergency order, signed on November 12 by Judge Jeffrey Johnson, imposes a 10-day geoblock, which may be extended, covering areas including sports, elections and award ceremonies. On November 13, the CFTC and the US Department of Justice filed a lawsuit in the federal court for the Eastern District of Louisiana seeking to invalidate or suspend the order. Louisiana is now the 12th state challenged by the CFTC in this dispute, with a hearing scheduled for November 30 on extending the block.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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