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Louisiana judge orders restraining order against prediction market operators

A Louisiana judge has ordered a sweeping restraining order against prediction market operators, including Coinbase, Kalshi and Polymarket. Coinbase is also defending its US stock perpetual futures in court.

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A judge in Louisiana has ordered a sweeping restraining order against prediction market operators. The order names Kalshi, Polymarket, Coinbase and other operators. A restraining order is a court instruction that stops a party from acting in a certain way while a case goes on. Prediction markets let people trade contracts tied to the outcomes of future events.

Coinbase is also defending its US stock perpetual futures in court. A perpetual future is a contract with no fixed expiry date, so a position can stay open without a set end. A separate matter goes to the Supreme Court, which is set to decide a tax bill for prediction market operators.

Coinbase Global$127.65down −26.17%over 1 month
$183.81$127.6514 Oct13 Nov

Prices can be delayed by 15 minutes or more. Past moves say nothing about future ones.

$1,000 in Coinbase Global

Had you put $ into Coinbase Global a month ago, it would be worth – now.

From the prices in the chart, before any fees or taxes. Not a suggestion to buy or sell.

GuideCrypto Fear and Greed Index today: how fearful or greedy the crypto market is

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