United States v. state
United States v. State of New Mexico
U.S. District Court for the District of New Mexico, 1:26-cv-01912
Pending
Cite this page
Bluebook
United States v. State of New Mexico, Prediction Market Laws (last updated Oct. 21, 2026), https://predictionmarketlaws.com/lawsuits/us-v-new-mexico.
APA
Prediction Market Laws. (2026, October 21). United States v. State of New Mexico. https://predictionmarketlaws.com/lawsuits/us-v-new-mexico
Before Chief Judge Kenneth J. Gonzales. The PI motion (filed June 18, 2026) and the state's motion to dismiss (filed July 16, 2026) were fully briefed by Aug. 10, 2026; no hearing or ruling found as of October 2026.
The question
Whether the CEA preempts New Mexico law as applied to event contracts on CFTC-registered exchanges, so that the state may be enjoined from enforcing it against them.
The CFTC sued New Mexico a week after the state sued Kalshi in state court.
Docket timeline
Briefing on both motions complete.
Source: dockets.justia.com
State moves to dismiss and opposes the PI motion.
Source: dockets.justia.com
Governor Lujan Grisham and several other officials dismissed without prejudice by stipulation.
Source: dockets.justia.com
PI motion filed; case reassigned to Chief Judge Gonzales.
Source: dockets.justia.com
Complaint filed.
Source: cftc.gov