Tag: New Mexico Attorney General

Wolf in Wolf’s Clothing? New Mexico Accuses Kalshi of Disguising Sports Betting as Finance

New Mexico Attorney General Raúl Torrez has filed a lawsuit against Kalshi, accusing the prediction-market platform of illegally offering sports betting while circumventing state gaming regulations. The case intensifies a growing national battle over whether event-based contracts constitute legal financial products or unauthorized gambling.

NM Prosecutors Allege Meta Misled the Public About Harms to Minors on Facebook and Instagram

New Mexico prosecutors say Meta misled the public about the risks Facebook and Instagram pose to children, opening a landmark trial that could reshape how social media platforms operate in the US.