CFTC Sues New Mexico, Claiming the ‘State Becomes the Latest Attempting to Infringe on Federal Jurisdiction’
The Commodity Futures Trading Commission has filed a lawsuit in federal court against the state of New Mexico, seeking a ruling that federal law gives the agency exclusive authority to regulate certain event-based contracts traded on CFTC-registered exchanges. The filing comes days after New Mexico sued KalshiEX LLC, a CFTC-registered prediction market operator, in state…
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