LOUISIANA JUST BLOCKED PREDICTION MARKETS — BUT WASHINGTON DISAGREES
A Louisiana judge has issued a temporary order targeting event contracts offered by Kalshi, Polymarket US, Robinhood, Coinbase and other platforms
Without a state gaming license, the companies must restrict access to users located in Louisiana
But there's an unusual conflict
$PREDICT
⚖️ On November 5, the CFTC said federally regulated derivatives exchanges generally cannot restrict eligible US traders simply because of which state they're in
Now Louisiana is ordering the geographic restrictions that federal regulators say conflict with impartial market access rules
For traders, this isn't just a legal debate
Access to new contracts can change even when an existing position hasn't been settled
The court order is temporary, and the wider question of federal versus state authority remains unresolved
$BTC
🔎 The next test comes through court challenges and Louisiana's November 30 injunction hearing
Prediction markets are growing fast
But who gets to regulate them may determine who gets to trade
#PredictionMarkets #Kalshi #Polymarket
A Louisiana judge has issued a temporary order targeting event contracts offered by Kalshi, Polymarket US, Robinhood, Coinbase and other platforms
Without a state gaming license, the companies must restrict access to users located in Louisiana
But there's an unusual conflict
$PREDICT
⚖️ On November 5, the CFTC said federally regulated derivatives exchanges generally cannot restrict eligible US traders simply because of which state they're in
Now Louisiana is ordering the geographic restrictions that federal regulators say conflict with impartial market access rules
For traders, this isn't just a legal debate
Access to new contracts can change even when an existing position hasn't been settled
The court order is temporary, and the wider question of federal versus state authority remains unresolved
$BTC
🔎 The next test comes through court challenges and Louisiana's November 30 injunction hearing
Prediction markets are growing fast
But who gets to regulate them may determine who gets to trade
#PredictionMarkets #Kalshi #Polymarket
