The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against New Mexico officials, including Governor Michelle Lujan Grisham and Attorney General Raúl Torrez, to prevent the enactment of a new gambling law. The lawsuit, filed in the U.S. District Court for the District of New Mexico, is part of the CFTC's broader effort to assert its jurisdiction over sports betting. In recent months, the CFTC has taken legal action against several states, including Wisconsin, Illinois, Arizona, Connecticut, and New York, as it seeks to regulate the prediction market more effectively. CFTC Chairman Michael Selig has been actively working to enhance the agency's oversight capabilities, recently proposing a rulemaking initiative that would still permit general support for sports betting. However, states continue to assert their own jurisdiction over sports betting activities.
CFTC Sues New Mexico Officials to Halt Gambling Law Implementation
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