WuBlockchain has learned that the U.S. Commodity Futures Trading Commission (CFTC) announced a lawsuit against the state of New Mexico, seeking to block the state from taking enforcement actions under its gambling laws against the CFTC-registered platform Kalshi's prediction market operations. Previously, New Mexico sued Kalshi, alleging that its sports-related prediction contracts constituted illegal online sports betting and attempted to circumvent state gambling regulations. In its complaint, the CFTC argued that the Commodity Exchange Act grants it exclusive regulatory authority over event contracts and related prediction markets, and that the federal regulatory framework takes precedence over state laws. https://(wublock123.com)/news/cftc-sues-new-mexico-over-prediction-market-regulation-62698