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Markets1h 55m 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.

New Mexico, U.S. District Court for the District of New Mexico

Who
Commodity Futures Trading Commission (CFTC), New Mexico officials, Gov. Michelle Lujan Grisham, Attorney General Raúl Torrez, CFTC Chair Michael Selig, Kalshi
What
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.
When
Fri, 12 Jun 2026 21:26:39 GMT · 1h 55m ago
Where
New Mexico, U.S. District Court for the District of New Mexico ·
Why
The CFTC seeks to prevent New Mexico from applying state gaming laws to federally regulated prediction market contracts, specifically targeting action taken by New Mexico against Kalshi for alleged unlicensed sports betting activity.
The Frontline Impact

How this affects you

This lawsuit escalates the ongoing conflict between state and federal authorities over the oversight of prediction markets, potentially clarifying jurisdiction and affecting the operational framework for platforms like Kalshi nationwide. Resolution could affirm federal preeminence in regulating certain financial products, impacting future state-level regulatory attempts.

Story chain

4 events in this thread
  1. Currently Reading1h 55m 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.
  2. Markets1h 55m 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.
    Open article
  3. Markets1h 55m 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. Markets1h 55m 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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