Ludlow Exchange, LLC (Novig) v. Torrez

Stayed to August 13, 2027 (enforcement standstill)10th Cir.Platform v. State

Docket last checked September 22, 2026. Snapshot — not legal advice.

As of September 25, 2026, the legality of prediction markets in New Mexico is unresolved — litigation is ongoing with no final ruling yet. New Mexico status and cases →

Overview

Novig’s New Mexico suit, filed August 2026 against the Attorney General and the Gaming Control Board, pleaded under the Commodity Exchange Act. On September 2, 2026 Judge Margaret I. Strickland granted the parties’ joint motion and stayed the case until August 13, 2027. The terms are an enforcement standstill: the Attorney General will bring no civil or criminal action over Novig’s sports event contracts until at least fourteen days after the stay ends, and the five Gaming Control Board members were dismissed without prejudice and will take no independent enforcement action meanwhile. It follows the same path as the Massachusetts case and Polymarket US’s own New Mexico suit.

Changes

Logged September 22, 2026

  • Ruling

    Novig’s New Mexico case is stayed until August 13, 2027. The Attorney General will not enforce until at least fourteen days after that, and the Gaming Control Board members were dismissed without prejudice.

    Order granting stay (Doc. 27)

Timeline

August 2026

Novig sues New Mexico’s Attorney General and Gaming Control Board; the parties jointly move to stay the case.

September 2, 2026

Judge Strickland stays the case to August 13, 2027 on agreed enforcement-standstill terms.

What's next: Nothing until the stay ends: position statements are due July 30, 2027, and an answer sixty days after the stay lifts. July 30, 2027: Position statements due before the stay ends

Parties

Plaintiffs

  • Ludlow Exchange, LLC d/b/a Novig

Defendants

  • Raúl Torrez (New Mexico Attorney General)
  • Patrick Garrett, Mekko Miller, Van Billops, Indy White and Billy Smith (New Mexico Gaming Control Board)
This page is informational, not legal advice. Nearly every entry in this tracker is a preliminary ruling under appeal. Always verify a platform's current, location-specific eligibility directly with the venue before relying on this page.