SANTA FE, N.M., June 4 -- The New Mexico Attorney General issued the following press release:
Attorney General Raul Torrez today announced that the New Mexico Department of Justice (NMDOJ) has filed a lawsuit against Kalshi, Inc. and KalshiEX LLC, alleging the company is unlawfully offering online sports betting in New Mexico while attempting to evade state gaming laws and the carefully negotiated framework that governs legal gaming in the state.
The lawsuit alleges that Kalshi has created an online platform that functions as a sportsbook, allowing users to place wagers on sporting events while operating outside New Mexico's licensing and regulatory requirements.
"New Mexico has a longstanding and carefully balanced system for regulating...