Crypto
CFTC sues Louisiana to block ban on 31 prediction markets
The state order covers Kalshi and Polymarket. Louisiana's attorney general publicly attacked the CFTC chair.
The Commodity Futures Trading Commission sued Louisiana on Friday to block a state judge's order banning 31 prediction markets in the state, including Kalshi and Polymarket.
Louisiana's attorney general called the CFTC chair an 'obsequious standard bearer' for prediction markets. The case sets the federal regulator against a state court order.
No next court date is given.
