First reported June 12, 2026 by Crypto.news · covered by 2 sources
The Commodity Futures Trading Commission has taken New Mexico to federal court over efforts to regulate prediction markets. The lawsuit targets state officials after New Mexico moved against Kalshi over alleged unlicensed sports betting activity. The dispute adds another chapter…
New Mexico is the eighth state sued by the CFTC over prediction markets, as Gary Gensler doubted the regulators' claim of authority over sports event contracts.
