States / New Mexico
Legal status · as of Oct 15, 2026
Are prediction markets legal in New Mexico?
In court
New Mexico's attorney general sued Kalshi in state court, and a tribe and three pueblos have a separate federal suit. The CFTC sued the state, and Polymarket and Novig have sued state officials.
State actions
Regulator orders, lawsuits, rulings and laws, newest first.
| Date | Action | What happened | Sources |
|---|---|---|---|
| Jul 1, 2026 | Lawsuit | Polymarket sues the New Mexico attorney general. (Polymarket) | Covers timeline |
| Jun 12, 2026 | Lawsuit | CFTC sues New Mexico. | CFTC Release 9251-26 primary |
| Jun 4, 2026 | Lawsuit | AG Raul Torrez sues Kalshi in First Judicial District Court as an illegal sports-betting public nuisance. (Kalshi) | Source NM |
| May 14, 2026 | Lawsuit | One tribe and three pueblos sue Kalshi in federal court. (Kalshi) | Covers timeline · Source NM |
Cases involving New Mexico
Select a case for its full history and sources, or see the legal tracker.
| Case | Status | Last action | Sources |
|---|---|---|---|
| CFTC v. New Mexico U.S. District Court for the District of New Mexico | Pending | Jun 12, 2026 CFTC filed suit. | CFTC press release 9251-26 (suit vs. New Mexico) primary · Cert petition (PDF), No. 26-299 primary · Cert petition (PDF), No. 26-338 primary · News: SBC Americas (CFTC sues New Mexico) |
Prediction markets in New Mexico: questions
Are prediction markets legal in New Mexico?
In court. New Mexico's attorney general sued Kalshi in state court, and a tribe and three pueblos have a separate federal suit. The CFTC sued the state, and Polymarket and Novig have sued state officials. Exchanges registered with the CFTC, including Kalshi, say federal law lets them offer event contracts in every state; that question is being fought in court. This summarizes public actions and is not legal advice.
What is the latest prediction market action in New Mexico?
Jul 1, 2026: Polymarket sues the New Mexico attorney general.
Is there a lawsuit over prediction markets in New Mexico?
Yes. CFTC v. New Mexico (U.S. District Court for the District of New Mexico): Pending.
This page reports court, regulator and legislative actions with links to the filings and coverage. It is not legal advice. The tracker is re-checked every Monday and Thursday. All states · Legal tracker