Louisiana AG Sues Kalshi, Polymarket Over Alleged State Law Violations
Louisiana Attorney General (AG) Murrill has initiated a lawsuit in state court against Kalshi, Polymarket, and other parties, asserting they have violated the state's laws.
Shreveport Texarkana, LA, November 12, 2026 — Louisiana Attorney General (AG) Jeff Landry has filed a lawsuit in state court against Kalshi, Polymarket, and additional entities, alleging violations of Louisiana’s laws. The specific details regarding the nature of the alleged violations, the exact date the lawsuit was filed, and the full list of defendants beyond Kalshi and Polymarket were not immediately available or provided in the summary information.
The lawsuit was initiated by the Attorney General’s office, indicating a formal legal challenge against the named parties. The assertion is that these companies or individuals have contravened statutes within the state of Louisiana. The legal action takes place in a state court, suggesting jurisdiction based on Louisiana law.
Kalshi is a regulated options exchange that allows individuals to trade on the outcome of future events. Polymarket is a decentralized prediction market platform. The summary does not specify which particular laws are claimed to have been violated by these entities or the precise nature of their operations that prompted the legal action from the state’s top legal officer.
Further details regarding the legal proceedings, such as the specific statutes allegedly broken, the arguments presented by the Attorney General’s office, and any potential remedies sought, have not been disclosed. The identities of the ‘other parties’ involved in the lawsuit are also not specified in the provided information. This development marks a significant legal action by the state of Louisiana against operators in the prediction market and derivatives trading space.
Story summarized from the original created by Michael Scheidt on www.ktalnews.com, see more information here.
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