Louisiana Sues Prediction Market Platforms Including Kalshi, Polymarket, and Coinbase

Odaily reports: Liz Murrill announced that Louisiana has filed suit in state court against Kalshi, Polymarket, and multiple platforms accused of being "illegal online gambling operators," seeking immediate restraining orders and injunctions. The defendants also include Robinhood, Coinbase, Gemini, and Crypto.com. The state alleges that the event contracts offered by these platforms violate local gambling and sports betting laws; previously, Kalshi and Polymarket had filed suit against state officials in federal court.