According to The Block, Louisiana's Attorney General filed lawsuits against nine platforms including Kalshi, Robinhood, Polymarket, ForecastEx, Crypto.com, Coinbase, Novig, Underdog, Gemini, and ProphetX, alleging their event contracts violate state gambling laws. A judge has signed a temporary restriction order prohibiting the platforms from offering event contracts to Louisiana residents without state authorization. CFTC Chair Michael Selig responded on social media, stating event contracts have been traded compliantly in Louisiana for years under the Commodity Exchange Act and CFTC regulations, characterizing the litigation as "naked legal warfare and political theater."

View Source

Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.