Louisiana Judge Issues Restraining Order Against 31 Prediction Market Entities

This past Thursday, Louisiana Attorney General Liz Murrill obtained a TRO (temporary restraining order) against 31 prediction market outlets, including Kalshi and Polymarket. This happened the same day she sued them in court. 

Murrill took to X to announce the lawsuit, saying that these platforms “have violated our laws with impunity.”

🚨BREAKING: This morning I filed suit in Louisiana state court against Kalshi, Polymarket, and numerous other illegal online gambling operations. For too long, they have violated our laws with impunity. No longer: I am seeking an immediate restraining order and an injunction to restore the rule of law in Louisiana.

— Attorney General Liz Murrill (@AGLizMurrill) November 12, 2026

Then, hours later, Judge Jeffrey Johnson of the 21st Judicial District Court in Tangipahoa Parish signed the order, which Murrill also discussed on social media. 

🚨Breaking: Louisiana judge orders temporary restraining order prohibiting Kalshi, Polymarket, Coinbase, Robinhood, and other “prediction market” operators from continuing their unlicensed and unregulated illegal gambling in Louisiana. It’s not complicated: if you aren’t a licensed gaming operator, you aren’t legal. Illegal gambling is a crime and is subject to jail time and significant penalties. Judges all over the country have overwhelmingly called this activity what it is: gambling. Kalshi’s and the other operators’ attempts to make up new words to evade state gambling laws, regulators, and taxes are not fooling anyone.

— Attorney General Liz Murrill (@AGLizMurrill) November 12, 2026

"It’s not complicated: if you aren’t a licensed gaming operator, you aren’t legal. Illegal gambling is a crime and is subject to jail time and significant penalties. Judges all over the country have overwhelmingly called this activity what it is: gambling. Kalshi’s and the other operators’ attempts to make up new words to evade state gambling laws, regulators, and taxes are not fooling anyone."

This comes shortly after Utah filed criminal charges against Kalshi and co-founders Tarke Mansour and Luana Lopes Lara. 

Louisiana Judge Issues Ex Parte Order Against Prediction Markets

The TRO was also issued ex parte, meaning the defendants were hit with the order without being heard. 

“The Petition also makes clear that Defendants’ illegal conduct is immediately and irreparably harming the State in its sovereign capacity, as well as its citizens,” the order said. “The equities and the public interest overwhelmingly warrant immediate relief.”

Full List of Prediction Market Entities Named in Louisiana Order

The 31 entities named were tied to 13 brands, including the following: 

• Coinbase: Coinbase Global Inc. and Coinbase Financial Markets Inc.
• Crypto.com: Foris Holdings US Inc., Foris DAX Inc. and North American Derivatives Exchange Inc.
• ForecastEx: ForecastEx LLC
• Gemini: Gemini Space Station Inc., Gemini Titan LLC, Gemini Olympus LLC and Gemini Trust Company LLC
• IG Group: IG Group Holdings PLC
• Kalshi: Kalshi Inc., Kalshi Klear Inc., Kalshi Klear LLC, KalshiEX LLC and Kalshi Trading LLC
• Novig: Ludlow Exchange LLC
• OG.com: OG.com and Foris DAX FCM LLC (OG Broker)
• Polymarket: QCX LLC (Polymarket US), Blockratize Inc., QC Tech LLC, QC Clearing LLC and PM Derivatives LLC
• ProphetX: ProphetX OpCo LLC
• Robinhood: Robinhood Markets Inc. and Robinhood Derivatives LLC
• Rothera: Rothera Exchange and Clearing LLC
• Underdog: Underdog Sports Holdings Inc., Underdog Exchange DCM Inc. and UDM LLC (Underdog Predict)

This issue will expire 10 days after it was issued so that it will expire on November 22. It can be extended for good cause for up to 10 more days. The court date is set for November 30.