Operator v. state
Ludlow Exchange, LLC v. Torrez
U.S. District Court for the District of New Mexico, 1:26-cv-02576
Pending
Stayed: Judge Margaret I. Strickland granted the parties' joint motion to stay proceedings on Sept. 2, 2026. No further substantive activity found (docket retrieved Sept. 24, 2026).
The question
Whether the Commodity Exchange Act preempts New Mexico gambling or sports-wagering law as applied to event contracts listed on a CFTC-designated contract market.
Ludlow Exchange, LLC d/b/a Novig sued New Mexico officials in federal court seeking declaratory and injunctive relief against application of state gambling law to its event contracts; the parties then jointly asked the court to pause the case.
Docket timeline
Joint motion to stay granted.
Source: dockets.justia.com
Case reassigned to District Judge Margaret I. Strickland.
Source: dockets.justia.com
Joint motion to stay proceedings filed.
Source: dockets.justia.com
Complaint filed.
Source: dockets.justia.com