July 17, 2026
The state of New Mexico told a federal judge that a U.S. Commodity Futures Trading Commission suit over prediction market regulation shouldn't stand, since the agency can't show how it's been harmed by the state's attempts to enforce its gaming laws against Kalshi.
June 12, 2026
The legal feud between federal and state regulators over sports-related prediction market offerings expanded Friday as New Mexico became the eighth state to be sued by the U.S. Commodity Futures Trading Commission for treating those contracts as illegal gambling.