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The Commodity Futures Trading Commission (CFTC) has sued New Mexico in federal court to prevent the state from applying its gaming laws to prediction market contracts, specifically targeting actions taken against Kalshi.
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New Mexico, United States
Who
Commodity Futures Trading Commission (CFTC), New Mexico, Governor Michelle Lujan Grisham, Attorney General Raúl Torrez, Kalshi, CFTC Chair Michael Selig
What
The Commodity Futures Trading Commission (CFTC) has sued New Mexico in federal court to prevent the state from applying its gaming laws to prediction market contracts, specifically targeting actions taken against Kalshi.
When
Fri, 12 Jun 2026 21:26:39 GMT · 3h 18m ago
Where
New Mexico, United States ·
Why
The CFTC argues that federal law, specifically the Commodity Exchange Act, grants it exclusive authority over prediction markets and that New Mexico's actions against Kalshi interfere with this federal oversight.
The Frontline Impact
How this affects you
This lawsuit escalates the conflict between state and federal authorities over the regulation of prediction markets, potentially clarifying jurisdiction and affecting the operational framework for platforms like Kalshi in other states. The outcome could set a precedent for how prediction markets are regulated across the U.S.
Story chain
4 events in this thread- Markets3h 18m agoThe Commodity Futures Trading Commission (CFTC) has sued New Mexico in federal court to block the state's efforts to regulate prediction markets, asserting federal authority under the Commodity Exchange Act.Open article
- Markets3h 18m agoThe Commodity Futures Trading Commission (CFTC) has sued New Mexico in federal court over the state's efforts to regulate prediction markets, citing federal authority under the Commodity Exchange Act.Open article
- Markets3h 18m agoThe Commodity Futures Trading Commission has sued New Mexico in federal court to block the state from regulating Kalshi prediction markets, asserting its exclusive federal authority under the Commodity Exchange Act.Open article
- Currently Reading3h 18m agoThe Commodity Futures Trading Commission (CFTC) has sued New Mexico in federal court to prevent the state from applying its gaming laws to prediction market contracts, specifically targeting actions taken against Kalshi.