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

The CFTC filed a lawsuit against New Mexico to block state gaming laws affecting CFTC-registered markets. New Mexico recently sued KalshiEX LLC, claiming its operations violate state laws. The CFTC seeks a permanent injunction against New Mexico's enforcement actions.

• •CFTC sued New Mexico over state gaming law enforcement.
• •New Mexico recently sued KalshiEX LLC for alleged illegal betting.
• •CFTC seeks to block state laws affecting its registrants.
• •This lawsuit reinforces federal authority over prediction markets.

The lawsuit impacts KalshiEX LLC and potentially other CFTC registrants in New Mexico. It reinforces federal jurisdiction over derivatives markets.