Operator v. state
Underdog Exchange DCM, Inc. v. Torrez
U.S. District Court for the District of New Mexico, 1:26-cv-02935
Pending
Complaint filed Sept. 8, 2026; no ruling found.
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.
Underdog Exchange DCM, Inc. and its affiliate UDM, LLC (Underdog Predict) sued New Mexico officials in federal court seeking declaratory and injunctive relief against application of state gambling law to their event contracts.
Docket timeline
Complaint filed.
Source: dockets.justia.com