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The U.S. Commodity Futures Trading Commission (CFTC) filed a federal lawsuit against the state of New Mexico on Friday.
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New Mexico, United States
Who
U.S. Commodity Futures Trading Commission (CFTC), New Mexico, Kalshi, Raúl Torrez, Michael S. Selig
What
The U.S. Commodity Futures Trading Commission (CFTC) filed a federal lawsuit against the state of New Mexico on Friday.
When
Sat, 13 Jun 2026 08:29:57 GMT · 5h 1m ago
Where
New Mexico, United States ·
Why
The CFTC filed a lawsuit against New Mexico after the state moved against Kalshi’s sports prediction markets, with New Mexico Attorney General Raúl Torrez alleging Kalshi ran illegal sports betting markets.
The Frontline Impact
How this affects you
The legal dispute between the CFTC and New Mexico, arising from state actions against Kalshi's sports prediction markets, highlights significant regulatory uncertainty and jurisdictional conflicts over event contracts in the United States, potentially influencing the future of online prediction markets and state-federal regulatory boundaries.
Story chain
4 events in this thread- Markets2h 31m agoThe CFTC released a 267-page notice of proposed rulemaking for prediction markets, outlining which contracts are likely to be found contrary to the public interest.Open article
- Markets2h 31m agoThis week, the CFTC released a 267-page notice of proposed rulemaking for prediction markets.Open article
- Markets2h 31m agoThis week, the CFTC released a 267-page notice of proposed rulemaking for prediction markets.Open article
- Currently Reading5h 1m agoThe U.S. Commodity Futures Trading Commission (CFTC) filed a federal lawsuit against the state of New Mexico on Friday.