Louisiana court temporarily blocks prediction market firms over illegal gambling claims

13th November, 2026

Aravind Bulusu
law

Louisiana district judge Jeffrey Johnson has issued a 10-day temporary restraining order, effective November 12, prohibiting major US prediction market firms from operating event contracts in the state, ruling that trading such contracts constitutes 'gambling by computer' in violation of the state's gambling statute.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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