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Louisiana gaming board warns licensees against sports event contracts

Regulation

The Louisiana Gaming Control Board said sports event contracts offered in the state constitute sports wagering under Louisiana law unless provided by a board-licensed or permitted operator. In a 5 December letter, board chairman Christopher Hebert said the position applies even to contracts listed on exchanges regulated by the Commodity Futures Trading Commission; the letter focuses on activity within Louisiana.

Louisiana sportsbook licensees face a stated risk to their licensing status if they facilitate unlicensed sports event contracts in the state.

End-of-day close DraftKings (DKNG), USD, to 23 January 2026
Story date27 October 202523 January 2026

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Robinhood and Polymarket sue Missouri over sports event contracts

Robinhood and Polymarket filed separate federal lawsuits seeking to stop Missouri officials from enforcing gambling laws against their sports event contracts. Both argue that federal commodities law gives the Commodity Futures Trading Commission exclusive jurisdiction; Missouri Attorney General Catherine Hanaway has separately filed counterclaims alleging Novig violated federal and state laws.

Robinhood and Polymarket filed separate federal lawsuits seeking to stop Missouri officials from applying gambling laws to their sports event contracts. Both companies argue that the Commodity Futures Trading Commission (CFTC) has exclusive jurisdiction over the products, rather than state gambling regulators.

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