New Mexico Attorney General Raul Torrez has sued prediction market Kalshi, alleging it offered illegal online sports betting in the state without approval from the New Mexico Gaming Control Board.
The lawsuit, filed in state District Court in Santa Fe, also alleged the platform was made available to users aged 18 and older, while New Mexico requires gambling customers to be at least 21.
The complaint stated that Kalshi’s contracts on sporting events competed with licensed gaming operations while avoiding age restrictions, consumer protections and oversight requirements.
New Mexico’s lawsuit adds to the legal pressure on prediction market operators as regulators and tribal gaming interests push back against the sector’s sports event contracts.
