Louisiana Attorney General Accuses CFTC Chairman of Being a "Sycophantic Standard-Bearer" for Prediction Markets
Louisiana Attorney General Liz Murrill has accused Commodity Futures Trading Commission (CFTC) Chairman Michael Selig of making "categorically false statements." The accusation follows a joint lawsuit filed by the CFTC and the U.S. Department of Justice against Louisiana, aimed at blocking a state court's temporary restraining order that seeks to ban 31 prediction markets, including Kalshi and Polymarket, within the state. Selig had previously criticized the lawsuit as a "political stunt," to which Murrill responded on social media by asserting that the gambling industry has been regulated by the states for 250 years.
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