Louisiana Attorney General Liz Murrill has filed a lawsuit against 10 prediction market operators, including entities such as Kalshi, Polymarket, Underdog, Crypto.com, Robinhood and Coinbase.
As part of the latest enforcement action taken by state lawmakers to hinder prediction market activity, Murrill and Louisiana are seeking an emergency temporary restraining order which would ban event contracts on sports, awards, politics and elections.
Gemini Titan, ForecastEX and ProphetX are also listed in the lawsuit by Murrill, with Louisiana representing the 13th state in the US to pursue civil enforcement against prediction market operators.
The Louisiana Attorney General is seeking restitution, disgorgement and civil penalties in addition to the temporary restraining order, potentially leaving the operators liable for past transactions rather than just future operations.
Murrill’s lawsuit marks an alternative strategy compared to similar enforcement action filed by US states, which have commonly targeted one operator rather than multiple entities.
Robinhood, Crypto.com and Novig have recently filed enforcement action against the State of Missouri and Attorney General Catherine Hanaway, following several cease-and-desist orders issued by Hanaway on September 18.
Robinhood Counsel cited a decision handed down by a Third Circuit Court in Philadelphia, which ruled in favor of Kalshi by declaring the CFTC maintained exclusive jurisdiction over sports event contracts and preempted New Jersey’s gaming laws.
Elsewhere in Louisiana, three residents filed a class action lawsuit against FanDuel and DraftKings on October 26, alleging the operators utilize “predatory” data-tracking systems to target compulsive gamblers and are intentionally designed to exploit addictive behavior.
Adrian Payton, Toi Smith and Yolanda Perkins filed the class action lawsuit on behalf of all Louisiana residents who have “created an account, deposited funds and utilized the mobile sports wagering applications.”
The lawsuit also names Amelia Belle Casino and Bally’s Baton Rouge as defendants, which partner with the operators to help power both platforms through their respective state gaming licenses.
Live! Casino & Hotel Louisiana formed a strategic partnership with Hilton’s Curio Collection in January, allowing its consumer base to access Hilton’s global loyalty program and hospitality offerings
