Louisiana suing Kalshi, Polymarket and other online prediction markets

LOUISIANA (KPLC) - Louisiana Attorney General Liz Murrill announced she has filed a lawsuit in state court against five platforms that she is calling “illegal online gambling operations.”

The lawsuit names Kalshi, Polymarket, Robinhood, Coinbase and Gemini and claims all five platforms are violating state gambling laws offering event contracts tied to sports, awards and elections.

In a post to X (formerly known as Twitter) on Thursday, Murrill said the markets have “violated our laws with impunity” and that she is seeking an immediate restraining order and an injunction to “restore the rule of law in Louisiana.”

Last month, Kalshi filed its own lawsuit against Louisiana state officials, including Murrill and Gov. Jeff Landry, to prevent them from enforcing gambling laws against the company.

Kalshi and its co-founders, Chief Executive Officer Tarek Mansour and Chief Operating Officer Luana Lopes Lara, also face criminal charges in Utah for allegedly violating the state’s prohibition on gambling and profiting off illegal activity.