Louisiana Attorney General Liz Murrill publicly attacked CFTC Chair Michael Selig as a "sycophantic flag-bearer" for Kalshi and prediction markets, calling his statements about the ongoing legal dispute "completely false." The remarks came one day after the CFTC filed suit in federal court to block a Louisiana state court injunction targeting event contract providers.
The November 12 injunction requires approximately 31 entities—including Kalshi, Polymarket, Coinbase, and Robinhood—to cease offering event contracts in Louisiana and implement geofencing restrictions unless they obtain a state license. A hearing on the preliminary injunction is scheduled for November 30.
Selig had previously defended the platforms, stating that event contracts have been traded openly in Louisiana for years under the Commodity Exchange Act and CFTC regulations. He dismissed the state's emergency lawsuit as "naked lawfare and cynical political theater," escalating the jurisdictional clash between federal regulators and Louisiana authorities over prediction market oversight.
Louisiana AG Calls CFTC Chair a "Sycophantic Flag-Bearer" Over Prediction Markets Lawsuit
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