Louisiana AG calls CFTC chair an ‘obsequious standard bearer’ for prediction markets following agency lawsuit

Louisiana's attorney general attacked CFTC Chair Mike Selig as an 'obsequious standard bearer' for prediction markets after the agency sued the state on Friday. The CFTC suit seeks to block a state judge's order banning 31 prediction markets, including Kalshi and Polymarket, in Louisiana. The case is a federal-versus-state turf fight over whether prediction markets are regulated commodities, and a ruling could shape access for platforms like Kalshi and Polymarket nationwide.