Operator v. state
QCX LLC v. Torrez
U.S. District Court for the District of New Mexico, 1:26-cv-02100
Pending
Stayed: Judge David H. Urias granted the parties' joint motion to stay proceedings (filed July 24, 2026) on Aug. 14, 2026. No later activity found; DeFi Rate (Oct. 2026) lists the case as pending.
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.
Polymarket US sought declaratory and injunctive relief against New Mexico officials; the parties jointly asked the court to pause the case.
Docket timeline
Joint motion to stay granted.
Source: dockets.justia.com
Case reassigned to District Judge David H. Urias.
Source: dockets.justia.com
Joint motion to stay proceedings filed.
Source: dockets.justia.com
Complaint filed.
Source: dockets.justia.com