New Mexico attorney general sues Kalshi over alleged unlicensed sports betting
New Mexico Attorney General Raúl Torrez has sued Kalshi, alleging it offered unlicensed sports wagering in the state. The complaint says Kalshi lacked gaming operator and manufacturer licences and seeks an injunction to stop its sports-related markets; the allegations have not been established by a court.
The requested injunction could prevent Kalshi from offering sports-related wagering in New Mexico and tests the state’s licensing requirements.