New Mexico Attorney General Raúl Torrez filed a state court lawsuit against Kalshi, accusing the prediction market platform of offering illegal online sports betting contracts.

Add New Mexico to the list of states suing Kalshi for allegedly providing sports event contracts that violate online sports betting laws. Attorney General Raúl Torrez initiated a legal action against the company, claiming that Kalshi operates similarly to a traditional sportsbook, offering illegal betting options.