Prediction platform Kalshi files lawsuit against Louisiana leadership over sports betting rules
BATON ROUGE — Online prediction market Kalshi has filed a federal lawsuit against top Louisiana leaders, seeking to block the state from shutting down its sports-related trading platform or charging it under local gambling laws. The lawsuit filed in the U.S. District Court for the Western District of Louisiana, names Governor Jeff Landry, Attorney General Liz Murrill and members of the Louisiana Gaming Control Board as defendants. The battle centers on a fundamental Online prediction market Kalshi has filed a federal lawsuit against Louisiana leaders, seeking to block the state from shutting down its sports-related trading platform or charging it under local gambling laws. The lawsuit, filed in the U.S. District Court for the Western District of Louisiana, names Governor Jeff Landry, Attorney General Liz Murrill, and members of the Louisiana Gaming Control Board as defendants. The disagreement centers on who has the authority to regulate the platform, with Kalsh arguing it operates as a federally licensed financial exchange under the Commodity Futures Trading Commission (CFTC). The state argues that staking money on the outcome of a game is illegal sports gambling regardless of whether a company holds a federal license. Under Louisiana law, offering sports wagering without a state gaming license is a crime.
Publicerad : 13 timmar sedan förbi i Business Politics Finance
BATON ROUGE — Online prediction market Kalshi has filed a federal lawsuit against top Louisiana leaders, seeking to block the state from shutting down its sports-related trading platform or charging i... [1470 symbols]
Ämnen: Lawsuits
