Kalshi Sues Louisiana Over Threatened Crackdown on Event Contracts
- —Defendants include AG Murrill, Gov. Landry and the Louisiana Gaming Control Board
- —Kalshi cites an Aug. 1 state law broadening the definition of computer gambling
- —The law exposes payment processors and platform partners to penalties
- —An appeal could reach the Fifth Circuit, adding to a split among appellate courts
Why it matters: The case could deepen the divide among federal appeals courts over whether CFTC jurisdiction preempts state gambling laws.
Source: DeFi Rate