Louisiana Won a No-Notice Order Against 32 Prediction-Market Firms. Now the CFTC Wants It Voided
Key Highlights: Louisiana obtained an ex parte restraining order against 32 entities accused of facilitating unlicensed event contracts. The dispute pits Louisiana gambling-enforcement powers against the CFTC’s claimed authority over federally registered exchanges. Federal litigation could force the Fifth Circuit to address a growing split over state regulation of prediction-market contracts. What the Tangipahoa Order ...