Legal tracker / CFTC v. New Mexico
Case · as of Oct 15, 2026
CFTC v. New Mexico
Pending Pending
The CFTC sued a week after New Mexico's AG filed a state-court suit seeking to halt Kalshi's operations as unlawful online sports betting; that suit has since been removed to federal court. Polymarket (QCX) and Novig (Ludlow Exchange) filed their own federal challenges, and Underdog sued in September. No merits ruling located.
Case record last checked against its sources on Sep 2, 2026.
| Case | United States v. New Mexico |
| Court | U.S. District Court for the District of New Mexico |
| Docket | 26-cv-01912 (D.N.M.); related: New Mexico v. KalshiEX (1st Jud. Dist. Ct. No. D-101-CV-2026-1567; removed, D.N.M. No. 26-cv-01857); QCX v. Torrez (26-cv-02100); Ludlow Exch. v. Torrez (26-cv-02576) |
| Filed | Jun 12, 2026 |
| Type | Preemption suit |
| Companies | Kalshi, Polymarket, Novig |
| Other side | State of New Mexico and Attorney General Raúl Torrez (plaintiffs: United States and CFTC) |
| Last action | Jun 12, 2026: CFTC filed suit. |
History
Newest first.
| Date | What happened |
|---|---|
| Jun 12, 2026 | CFTC filed suit. |
Sources
CFTC v. New Mexico: questions
What is the status of CFTC v. New Mexico?
Pending. The CFTC sued a week after New Mexico's AG filed a state-court suit seeking to halt Kalshi's operations as unlawful online sports betting; that suit has since been removed to federal court. Polymarket (QCX) and Novig (Ludlow Exchange) filed their own federal challenges, and Underdog sued in September. No merits ruling located.
What happened most recently in CFTC v. New Mexico?
Jun 12, 2026: CFTC filed suit.
Compiled from court dockets, opinions, regulator releases and news coverage, linked above. Not legal advice. New Mexico: every action · All cases · Interactive tracker