The Commodity Futures Trading Commission (CFTC) sued the state of New Mexico on Friday, adding another layer to the complex legal situation surrounding prediction markets.
The CFTC filed a lawsuit against New Mexico, further intensifying the legal turmoil as multiple lawsuits are exchanged. The regulator's opposition to last week's suit against Kalshi in state court was outlined in a news release on Friday morning. This legal clash is part of a broader pattern seen in various jurisdictions involving sports event contracts.
