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Louisiana judge orders Kalshi, Polymarket and others to halt event contracts
A Tangipahoa Parish judge issued a temporary restraining order barring Kalshi, Polymarket, Robinhood and others from offering event contracts in Louisiana, Attorney General Liz Murrill said Thursday, NOLA.com reported.
A Tangipahoa Parish judge ordered Kalshi, Polymarket, Robinhood and other platforms to stop offering event contracts to people in Louisiana, Attorney General Liz Murrill said Thursday, according to NOLA.com1.
Murrill posted a copy of a temporary restraining order signed by Judge Jeffrey Johnson, which NOLA.com said bars the companies from facilitating those contracts on behalf of anyone located in the state1. Court records were not immediately available Thursday evening, the outlet reported1.
Earlier Thursday, Murrill’s office sued the companies, arguing that event contracts are wagers that violate Louisiana gambling laws and must be regulated by the state1. Kalshi and Polymarket did not immediately respond to NOLA.com’s requests for comment1.
The companies have said their contracts are financial products under federal rules, not gambling, NOLA.com reported1. Before the order was public, Kalshi’s head of litigation, Jovy Dedaj, wrote on X that federally regulated exchanges are exclusively a federal matter1.
After the order, Murrill said on X that prediction markets are gambling and that unlicensed operators are not legal1. She also said illegal gambling can bring jail time and other penalties, according to the report1.
As of 7 p.m. Thursday, Kalshi users in Louisiana could still buy an event contract on the platform, NOLA.com said1. A hearing on Murrill’s request for a preliminary injunction is set for Nov. 301.
Two weeks earlier, Kalshi sued Murrill and other Louisiana officials in federal court, arguing the state cannot regulate its service, NOLA.com reported1. Kalshi sought its own restraining order against Murrill on Thursday; a federal judge had not yet ruled1. Dedaj said people benefit from free and fair markets and that Kalshi has faced litigation he described as anticompetitive1.
NOLA.com said more than a dozen states have taken legal action against Kalshi, Polymarket and other prediction-market companies, including a Washington lawsuit and a Utah civil case plus criminal charges against Kalshi and its leadership1.
