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Louisiana judge orders prediction markets to suspend state operations

Regulation

A Louisiana judge ordered prediction markets, including Polymarket and Novig, to suspend operations in the state on 12 November. The platforms argued that their Commodity Futures Trading Commission licences override Louisiana gaming laws, while some remained accessible and Robinhood stopped new accounts and positions. The court set a preliminary-injunction hearing for 30 November.

Louisiana’s suspension order creates legal uncertainty for prediction-market operators as courts assess CFTC licences against state gaming laws.

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Regulation

Louisiana attorney general obtains 10-day order against prediction market operators

Louisiana Attorney General Liz Murrill said she filed suit against 10 prediction market companies and obtained a temporary restraining order. The order bars sports, election and awards contracts, wagering and advertising, and requires the companies to block Louisiana users; Murrill is also seeking an injunction. The Coalition for Prediction Markets and Kalshi challenged the state’s action.

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