Louisiana Judge Orders Kalshi, 30 Others to Geofence State

Louisiana Judge Jeffrey Johnson signed a temporary restraining order requiring Kalshi and 30 other entities to geofence the state, barring them from offering or facilitating event contracts to people in Louisiana without a state license. The order prohibits both providing contracts and helping facilitate them, covering each type of activity.

Polymarket U.S., Robinhood and Coinbase are among the other entities named. The geofencing requirement applies across all 31 entities, extending beyond Kalshi alone. Geofencing restricts access based on location, so the order focuses on event-contract activity for people inside Louisiana. The licensing condition is the same for all of them: they cannot offer or facilitate event contracts to people in the state without a Louisiana license.

The ruling escalates the broader dispute over who regulates prediction markets. It puts state licensing at the center of the dispute and constrains the named entities' Louisiana operations.