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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.
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New Mexico, United States
Who
Commodity Futures Trading Commission (CFTC), New Mexico, Kalshi, Gov. Michelle Lujan Grisham, Attorney General Raúl Torrez, CFTC Chair Michael Selig
What
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.
When
Fri, 12 Jun 2026 21:26:39 GMT · 3h 16m ago
Where
New Mexico, United States ·
Why
The CFTC seeks to prevent New Mexico from applying state gaming laws to federally regulated prediction market contracts, specifically targeting state actions against Kalshi for alleged unlicensed sports betting activity.
The Frontline Impact
How this affects you
This lawsuit expands the ongoing conflict between state and federal regulators over the oversight of prediction markets, potentially clarifying jurisdiction for event-based contracts and setting a precedent for future regulation in other states.
Story chain
4 events in this thread- Markets3h 16m 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 16m 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
- Currently Reading3h 16m 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.
- Markets3h 16m 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.Open article