Louisiana Attorney General Rejects CFTC Chairman's Criticism of Prediction Market Lawsuit Louisiana Attorney General Liz Murrill has rejected criticism from Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam regarding a lawsuit filed against the state concerning prediction markets, calling the criticism unfounded and stating that gambling has been regulated by states for 250 years. Rostin Behnam stated that event contracts have been publicly traded in the state for years and have complied with federal regulations, criticizing the state's lawsuit against the industry as politically motivated. The CFTC has sued the state, seeking to block a state court's injunction against prediction markets. The state court's temporary restraining order involves 31 entities associated with Kalshi, Polymarket, and others, requiring them to restrict access for Louisiana users; a hearing on the preliminary injunction application is scheduled for November 30. (Source: The Block)