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Markets3h 18m ago

The 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.

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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 over the state's efforts to regulate prediction markets, citing federal authority under the Commodity Exchange Act.
When
Fri, 12 Jun 2026 21:26:39 GMT · 3h 18m ago
Where
New Mexico, United States ·
Why
New Mexico moved against Kalshi over alleged unlicensed sports betting activity, which the CFTC argues falls under federal derivatives law and its exclusive jurisdiction.
The Frontline Impact

How this affects you

This dispute escalates the conflict between state regulators and federal authorities over the oversight of prediction markets, potentially clarifying which level of government has jurisdiction over these financial products and impacting companies like Kalshi.

Story chain

4 events in this thread
  1. Markets3h 18m ago
    The 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
  2. Currently Reading3h 18m ago
    The 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.
  3. Markets3h 18m ago
    The 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
  4. Markets3h 18m ago
    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.
    Open article

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