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Louisiana judge orders Kalshi, Polymarket to halt event contracts

Judge Jeffrey Johnson signed an ex parte temporary restraining order on November 12, 2026, against 31 entities named in a Louisiana lawsuit, including Kalshi and Polymarket U.S. It bars them from offering or facilitating event contracts to people in Louisiana without a state license, requires them to geofence the state, and bars them from telling Louisiana customers the products are authorized there. The order expires on the tenth day after it was issued unless extended or the defendants consent; a preliminary injunction hearing is set for November 30.

Kalshi has separately asked a federal court to block Louisiana from restricting its operations, arguing that federal law gives the CFTC exclusive authority over contracts on its exchange. No ruling on that request had appeared on the docket as of Friday morning. CFTC guidance issued November 5 gave exchanges 30 days to end state-level geographic restrictions or explain why they could not.

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