New Mexico is the next state in the CFTC's crosshairs as the fight continues over regulatory jurisdiction over sports betting.

The suit—the eighth of its kind—comes two days after the CFTC proposed new rules to regulate prediction markets.

The CFTC files its eighth lawsuit against a state, suing New Mexico to block gambling law enforcement against prediction market platform Kalshi.

CFTC sued New Mexico Thursday to block state gaming laws from applying to CFTC-registered prediction markets. New Mexico becomes the eighth state to face federal litigation over…

New Mexico is the next state in the CFTC's crosshairs as the fight continues over regulatory jurisdiction over sports betting.

The CFTC has sued New Mexico after state authorities took legal action against Kalshi, marking the eighth state the federal regulator has sued in its battle to assert authority…