Kalshi pre-emptively sues Louisiana, noting state’s new illegal gambling laws
Photo: SBC Americas
KEY TAKEAWAYS Kalshi sued Louisiana in federal court on Oct. 23, extending the prediction markets litigation battle into Fifth Circuit territory for the first time. The company pointed to the state’s new illegal gambling laws, which criminalize all unauthorized “gambling by computer.” Kalshi argued that Louisiana officials would violate federal law by seeking to shut down sports event contracts, and asked the court for injunctions against the state. Kalshi pre-emptively sued Louisiana in federal court on Friday, Oct. 23, arguing that the state showed a “clear intention to violate the Supremacy Clause” by trying to shut down prediction markets.
Source: SBC Americas
