Louisiana court orders 10 prediction markets to geoblock residents

Cointime update: Louisiana Attorney General Liz Murrill sued 10 prediction-market operators including Kalshi, Polymarket US, Coinbase, Robinhood, Gemini and Crypto.com on Thursday, and hours later Judge Jeffrey Johnson of the state’s 21st Judicial District Court issued a temporary restraining order barring them from offering event contracts on sports, elections and awards without a state gaming license. The order, effective 10 days, requires geoblocking and a preliminary injunction hearing is set for Nov. 30. Kalshi sought an emergency federal injunction the same day.