The CFTC has sued Louisiana to block the state from barring CFTC-regulated exchanges from offering event contracts. The agency said a state court order halted more than 30 companies tied to regulated derivatives trading without notice or a hearing.
The story so far: Kalshi state gambling oversight case
Louisiana sued Kalshi, Robinhood, Coinbase and Gemini over state gambling law, and a court issued a temporary restraining order barring those firms from serving local users without state authorisation. The CFTC has now sued Louisiana to block the state from barring CFTC-regulated exchanges from offering event…
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CFTC sues Louisiana over ban on event contracts
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