Regulation
Louisiana attorney general sues Kalshi, Robinhood and other prediction markets
Key takeaway: Louisiana Attorney General Liz Murrill has sued Kalshi, Robinhood, Polymarket and several other platforms, escalating the regulatory dispute surrounding prediction markets.
Louisiana Attorney General Liz Murrill has filed a lawsuit against a group of platforms that offer prediction markets, according to The Block. The outlet framed the move as an escalation in the ongoing regulatory fight over these products.
Who is named
The suit lists Coinbase, Crypto.com, Forecastex, Gemini, Kalshi, Novig, Polymarket, Prophetx, Robinhood and Underdog. The companies range from platforms built around event contracts to broader trading and crypto brands.
What to watch next
Readers can look for how the named companies respond to the filing and what the state asks the court to do. Prices on prediction markets reflect probabilities set by traders, not certainties, and the outcome of this legal action remains open.
FAQ
Who filed the lawsuit against Kalshi and Robinhood?
Louisiana Attorney General Liz Murrill filed the lawsuit, according to The Block.
Which platforms are named in the Louisiana lawsuit?
The platforms named are Coinbase, Crypto.com, Forecastex, Gemini, Kalshi, Novig, Polymarket, Prophetx, Robinhood and Underdog.
Is Polymarket included in the Louisiana suit?
Yes. Polymarket is among the platforms Murrill named in the lawsuit.
Sources
- Original reporting: The Block: Louisiana sues Kalshi, Robinhood and other prediction markets in escalating regulatory fight (12.11.2026)
Odds are market prices set by traders, not predictions by That's Gonna Come and not financial or betting advice. 18+ only; platform eligibility varies by country and state.