Other Other Commodity Futures Trading Commission (CFTC)· United States · 2026-06-12

CFTC Sues New Mexico as the State Becomes the Latest Attempting to Infringe on Federal Jurisdiction

→ State of New Mexico

The CFTC filed a lawsuit in federal court against the state of New Mexico seeking a declaratory judgment that federal law grants the CFTC exclusive authority to regulate event contracts and requesting a permanent injunction preventing the state from enforcing state gaming laws against CFTC registrants. The action was prompted after New Mexico sued CFTC-registrant KalshiEX LLC in state court alleging its prediction market offerings amounted to unlawful online sports betting.

Action date

2026-06-12

Authority

Commodity Futures Trading Commission (CFTC)

Country

United States

Primary source:
https://www.cftc.gov/PressRoom/PressReleases/9251-26 ↗

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