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New Mexico sues Kalshi over alleged unlicensed sports betting

Enforcement & compliance

New Mexico’s Department of Justice is suing Kalshi, alleging that its sports event contracts amount to online sports betting that violates state law. Attorney General Raúl Torrez said the action seeks to protect the state’s gaming framework and consumer safety; Kalshi denies that its products constitute gambling and says state laws do not apply to it. The state also alleges that Kalshi admits users aged 18 and over, below the state-required age of 21.

The case challenges whether Kalshi can offer sports event contracts in New Mexico without a gaming licence.

Earlier fines and penalties by Commodity Futures Trading Commission

DateCompanyAmountStoryAppeal status
KalshiNot statedKalshi refers George Santos trading to federal authorities over Trump speech marketNot stated
PolymarketNot statedNevada court bars Polymarket from offering services in the stateNot stated
Polymarket, KalshiNot statedSpain and Indonesia block Polymarket, with Spain also restricting KalshiNot stated
KalshiUSD 540Kalshi suspends and fines three candidates over election-market betsNot stated
KalshiNot statedNevada Gaming Control Board seeks injunction against Kalshi over sports wageringNot stated

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Regulation

Arkansas sues Kalshi over alleged unlicensed gambling

Arkansas has sued Kalshi in Independence County Circuit Court, alleging that its event contracts amount to gambling offered to residents without a state licence. The complaint seeks consumer restitution, civil penalties, taxes and an injunction; the amounts have not been determined, and the allegations have not been assessed by a judge. Kalshi has not publicly responded to this complaint.

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