Raúl Torrez News & Prediction Market Coverage
Track the latest Raúl Torrez news across prediction markets. Prediction News is following 2 active Raúl Torrez stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
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Frequently Asked Questions
Why did New Mexico sue Kalshi?
Attorney General Torrez sued Kalshi alleging its sports event contracts function as illegal online sports betting under state gambling laws.
What is Polymarket suing New Mexico for?
Polymarket sued Torrez and the Gaming Control Board in federal court to block state enforcement actions against its sports event contracts and seek federal preemption of state gambling law.
Is Kalshi legal in New Mexico?
Kalshi's sports contracts face active state-court challenges from the Attorney General over alleged violations of New Mexico gambling laws, while federal preemption litigation continues.
What is the status of the New Mexico prediction market lawsuits?
Torrez's state suit against Kalshi runs parallel to a federal CFTC case against the same state defendants; Polymarket has filed its own federal preemption action.
Has New Mexico taken action against other prediction markets?
Yes, the state has targeted Kalshi and now faces suits from both Kalshi-related federal plaintiffs and Polymarket over enforcement of gaming laws against event contracts.