Feds Push Back Against New Mexico Kalshi Suit, Say State Can't Regulate Online Betting
11 Articles
11 Articles
CFTC Sues New Mexico to Block Gaming Laws Against Kalshi
Why Is the CFTC Taking New Mexico to Court? The Commodity Futures Trading Commission has sued New Mexico officials in federal court, escalating its effort to block states from applying gaming laws to prediction market platforms that offer sports-related contracts. The lawsuit, filed Friday in the U.S. District Court for the District of New Mexico, names Gov. Michelle Lujan Grisham, Attorney General Raúl Torrez, and other state officials. The CFT…
CFTC Battles New Mexico Over Prediction Market Rules 2026
The CFTC is seeking to block New Mexico from applying state gambling laws to federally regulated prediction markets, highlighting a growing jurisdictional dispute. The case could have significant implications for prediction market operators, particularly as blockchain-based event contracts gain traction and regulators debate oversight responsibilities across federal and state levels.
The CFTC is taking decisive action and suing the US state of New Mexico. This escalates the dispute between authorities over how to handle prediction markets. Source: BTC-ECHO
CFTC and states clash again over Kalshi's sports markets
New Mexico is facing a lawsuit from the Commodity and Futures Trading Commission (CFTC) for attempting to enforce state gaming rules on federally regulated contract markets. The agency is intensifying a growing legal battle over whether federally regulated prediction markets can offer sports-related event contracts without complying with state gambling laws. The case is the latest flashpoint in a nationwide clash between federal regulators and s…
The CFTC filed a lawsuit against the government of New Mexico, including Gov. Michelle Lujan Grisham. The federal regulator seeks to block the state’s attempts to enforce its local gambling laws against the Kalshi predictive market platform. This legal action responds to a prior lawsuit from New Mexico, where Kalshi was accused of offering illegal sports betting to its residents. This confrontation marks a new chapter in the aggressive strategy …
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
