Louisiana sues Kalshi, Robinhood, Coinbase and Gemini over alleged gambling law breaches

Louisiana Attorney General Liz Murrill has sued Kalshi, Robinhood, Coinbase and Gemini over alleged violations of state gambling laws, The Block reported. In a statement, Murrill said the companies had long violated state law and that the state had asked the court for an immediate temporary restraining order and injunctive relief to restore the rule of law in Louisiana. In response, Kalshi filed for an emergency temporary restraining order and a preliminary injunction against the state of Louisiana.