Louisiana AG calls CFTC chief ‘obsequious’ as both sides sue
The order lapses unless the court extends it, with a hearing on Louisiana’s motion to come.
The hit
Louisiana Attorney General Liz Murrill called CFTC Chairman Michael Selig the “obsequious standard bearer” for Kalshi & prediction markets, according to a post on X. The jab came a day after the CFTC sued Louisiana to block a state judge’s order barring dozens of entities, including Kalshi, Polymarket, Coinbase & Robinhood, from offering event contracts there.
Why it matters
The fight is now federal versus state, with both sides claiming legal high ground. Selig called Murrill’s lawsuit “naked lawfare and a cynical political stunt”, prompting her jab at him. Kalshi argues the ruling’s logic would make interest rate swaps & weather derivatives illegal gambling too. The order also requires the named companies to geofence Louisiana.
The record
| States suing Kalshi & rivals | Louisiana is the 11th state to sue one or more prediction markets (The Block) |
|---|---|
| States CFTC has sued to defend jurisdiction | 12 states, including Louisiana (CFTC) |
| Entities named in Louisiana’s restraining order | 31 entities tied to Kalshi, Polymarket, Robinhood, Coinbase, Gemini & others (Tangipahoa Parish court filing) |
| Order duration | expires after 10 days unless the court extends it (court order) |
What happens next
A hearing on Louisiana’s motion for a preliminary injunction over the Tangipahoa Parish state-court order is set for 9am local time on 30 November.
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