CFTC Press Releases/
CFTC Sues New Mexico as the State Becomes the Latest Attempting to Infringe on Federal Jurisdiction
The CFTC has filed a lawsuit against New Mexico to prevent the state from applying state gaming laws to CFTC-registered contract markets, specifically following New Mexico's legal action against KalshiEX LLC.
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Why It Matters
The outcome will determine whether state gaming laws can override federal jurisdiction over prediction markets and CFTC-registered derivatives exchanges.