The CFTC initiated legal action against Louisiana on Friday, coming a day after a local judge instructed Kalshi, Polymarket, Coinbase, Robinhood, alongside numerous connected entities, to halt providing event contracts within the territory.
Louisiana Attorney General Liz Murrill claimed that Commodity Futures Trading Commission Chairman Michael Selig shared “completely untrue remarks” on Saturday, following the regulatory body’s lawsuit against the state to stop a judicial decree that barred prediction platforms from Louisiana.
“Completely untrue remarks by the ‘obsequious standard bearer’ for Kalshi and prediction markets. Wagering has been overseen by individual states for two and a half centuries,” Murrill Originally published at https://www.theblock.co/news/regulation/2026-11-14-louisiana-ag-calls-cftc-chair-an-obsequious-standard-bearer-for-prediction-markets-following-agency-lawsuit-440342.
