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Louisiana orders 10 prediction markets to halt unlicensed contracts

Enforcement & compliance

Louisiana Attorney General Liz Murrill sued 10 prediction-market platforms on 12 November 2026, alleging violations of state law. A state judge issued a temporary restraining order the same day covering event contracts sold to Louisiana residents by platforms without a state gaming licence; the order lasts 10 days, with a further hearing scheduled for 30 November.

The order temporarily removes unlicensed event contracts from Louisiana while the platforms contest longer-term relief.

Earlier fines and penalties by CFTC

DateCompanyAmountStoryAppeal status
Kalshi, SporttradeNot statedSporttrade gains CFTC DCM registration as Utah summons Kalshi foundersNot stated
KalshiNot statedUtah prosecutors bring 14 criminal counts each against Kalshi and foundersNot stated
Kalshi, PolymarketNot statedNew York attorney general seeks court order compelling Kalshi documentsNot stated
KalshiNot statedUtah files 14 criminal charges against Kalshi and its co-foundersNot stated
KalshiNot statedNew York gaming commission asks court to enforce Kalshi subpoenasNot stated

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